Range then downtrend longterm

Jan 12, 2023

In my technical analysis, I anticipate that the CHFJPY currency pair will see a range-bound movement within the grey area for a period of approximately 3 months as in June- September of 2022. This movement is expected until a clear break of the established support trendline is observed. Traders should be aware of this potential for consolidation and consider adjusting their positions accordingly.