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IkanBilisCapital

Obvious pattern forming for CHFJPY

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
IkanBilisCapital  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis CHFJPY chfjpyshort chfjpylong chfjpyanalysis chfjpyforecast
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trendanalysis indicator waveanalysis chfjpy chfjpyshort chfjpylong chfjpyanalysis chfjpyforecast
The CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short.

BEAR CASE
We will wait for price to retest 125 before going in for a short

BULL CASE
Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.
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