📊 Analysis:
Support Structure: PYTH is building support at $0.649.
Next Target: Aiming for the next run up, targeting resistance at $0.797.
Crucial Level: $0.687 is a crucial level; needs to claim and hold it.
📉 Potential Scenarios:
Optimistic Scenario: Successful hold of $0.687, targeting $0.797.
Bearish Scenario: Potential drop to $0.535 in case of a...
The CHF/JPY market looks very bullish due to the fact that it is using the previous resistance as support, as you can see from the massive spike the CHF/JPY pair made, it reached to 117 area from being at 112 previously and it broke through the resistance placed before which indicated that it was a big spike to the market.
Right after that, market went back to...
