traderpulse

CHF/JPY Technical analysis

Short
traderpulse Updated   
OANDA:CHFJPY   Swiss Franc / Japanese Yen
The daily chart of CHF/JPY has formed a bearish flag pattern.
The pair has broken out of the flag pattern and is currently retesting it.
Similarly the RSI has also broken out from a ascending channel.
Hence we expect the pair to be bearish and the selling pressure to intensify further.
Trade active:
a trade going with 50+ pips

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