UnknownUnicorn3974120

CHFJPY retrace to 61.8 Structure.

FX:CHFJPY   Swiss Franc / Japanese Yen
From the the daily Chart , the RSI is still bullish . It is trading above the 40 level and repeatedly exceeding 70. The start of this retracement move was signified by the rejection pin bar last week.

There is a nice RSI trend line forming.

I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further structure. 61.8 l;evel is at 112.200 a nice large round number.

Once price finds support here I expect further bullish movement.

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