CHF/JPY Technical analysis

FX:CHFJPY   Swiss Franc / Japanese Yen
The steep rally in the hourly chart ended, with the break of a trendline.
The pair then rallied back and tested the broken trendline . The trendline provided a strong resistance and pair formed a lower high formation.
Now it has crossed the a strong support at 111.124 which adds to it woes and hence we expect the pair to continue the bearish momentum further.


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