rodriguesths

CHFJPY ANALYSIS possible 400pips short!

FX:CHFJPY   Swiss Franc / Japanese Yen
Looking for a continuation down here! This pair has been moving up since oct '19 and found resistance at 114.20 making a double top pattern! Right now price is on 111.80 support zone and we will be looking for price action to confirm that will continue to drop, that would confirm a possible new down-trend! On the other hand if price fails to break this level, we will enter long looking for that last higher!

What do you think?? If you like this analysis dont forget to hit the like button!! Also, leave a comment with your thoughts!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.