CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 166.264 area.
✅LIKE AND COMMENT MY IDEAS✅
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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!