After yesterday’s downward movement, the price confirmed that we have a lot of resistance between buyers and sellers. A strong resistance zone can be found within the model. The market is taking a nap, but the downward movement should resume very soon.
CHFJPY is within a potential triangle pattern This could turn out to be the first downward movement when the price will complement the pattern. The targets are only for the short term. If the move is really going to start, we can see the price moving lower below the strong support area structure at 122.70