joshA25

CHFJPY Potential SHORT

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
On the Daily we can see price has not been able to break 118.500 area since 2016, Price has already touched off this resistance area and has began to fall. On the 4 hour we can see a descending trendline which is currently right at resistance level . Price has potential to break this 4 hour trendline but long term this pair is a short.