CHFJPY: Retracement from Resistance
CHFJPY seems to be undergoing a bearish correction following a recent test of horizontal resistance on an intraday or daily chart.
This pullback is signaled by the formation of a descending triangle pattern, confirmed by a breakout below its neckline.
The price is likely to decline toward the 173.39 level.
This pullback is signaled by the formation of a descending triangle pattern, confirmed by a breakout below its neckline.
The price is likely to decline toward the 173.39 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.