FX:CHFJPY   Swiss Franc / Japanese Yen
58 2 0
It is an uptrend with a major correction done. A test of the Kijun Sen seems likely. More up towards the upper trend line is possible, of course.
I don't know. It's still possible that the rate goes up but I am not convinced any longer. We could not reconquer the cloned bottom trend line. I give up and take the loss.
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My weekly view would look like that:
snapshot

An ABCD-wave beginning in mid July 20112 was more than half completed on Christmas Eve 2013. After that a range trading begun with small swings within.
The followingt ABCD-wave was a down slooping one that has been well over 50 % completed these days. Given that within this wave another ABCD-wave has begung in February I asume that this can take us up again into the 116 region or even more probale to 119, i.e. the top of the present range. It is even possible that the February 2012 wave will be completed finally and that would be around 130. I don't speculate on this now, of course because this would take some time but it shows me the tendency.
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