Technician

CHFJPY Threatening Mid-Channel Support

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
13
CHFJPY is threatening the mid channel support, showing some serious bearish action, but I will be waiting for a clear break with stability below 114.73 support, the key to confirming this bearish scenario. That would suggest a move to 111.68 next key swing low and support level as an initial target. Followed by the main ascending support for the rising channel. Again, i am not short yet, I will be waiting for confirmation and a clear break below 114.73.

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