Like most Jpy pairs, November was a correction month also for ChfJpy(so far) and the pair dropped from its 125 recent high An H&S pattern is pretty obvious on lower time frame charts, but in my opinion, this will not pay off. A short dive under this H&S support is not out of the question, but in the medium term, my opinion is that we'll have a new leg up above 125
Your ANALYSIS is wrong. This pair will be Bearish these 4 next months.
Mihai_Iacob
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@Abdullahicade, Thanks for comm and opinion As I said, I don't believe that the H&S will pay off, but anything is possible, that's why I trade with SL
Kaio-AutoForex
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I don't agree with your analysis, on the chart I respect the weekly channel at least price will correct up to 122,500 to 120,000, and looking at fundamental part Japan has been recovering the depressed economy due to the pandemic.