CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again

CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again

CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again 

On June 10 I posted an article saying the the ending diagonal resistance-line near 111.50 was about to break (you can see that post by clicking here). Well I was a wave too early and the ending diagonal resistance-line held for one final decline to 107.13. 

This final decline performed a classic under-throw of the ending diagonal support-line and quick return into the ending diagonal formation, which normally is a strong indication of the bottom being in place. To confirm that the ending diagonal is complete, we need a break above the ending diagonal resistance-line currently near 109.44 and above here will call for a rally towards the origin of the ending diagonal at 117.41, within half the time it took to build the ending diagonal. 

Long term, much higher levels will be expected. 

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Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
Jonathan
2017-10-24
Your work is exceptional and glad I found you.
Duane
2014-05-27
Hi EWS,

Just wanted to send a word of thanks for all of the hard work that you
do, and to show you that I personally have paid for my subscription many
times over with the fantastic work that you...