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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