CHF/JPY has been in a ranging market structure since last December, failing to breakout if this market structure.
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area.
Therefore continuing with the ranging market structure.
Adding on to the confluence, I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price.
This is shown by the Orange path drawn
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area.
Therefore continuing with the ranging market structure.
Adding on to the confluence, I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price.
This is shown by the Orange path drawn