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IkanBilisCapital

Hope u took the short, CHFJPY

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
IkanBilisCapital  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CHFJPY chfjpyshort chfjpylong chfjpyanalysis chfjpyforecast chfjpysell chfjpysetup
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trendanalysis chartpattern indicator chfjpy chfjpyshort chfjpylong chfjpyanalysis chfjpyforecast chfjpysell chfjpysetup
The swiss yen broke down farther after breaking the channel and testing the bottom of the channel, we expect to see more downside this week. But the white line(200ma) serves as a strong support. If you're in a short take some profits at around there and re-enter again at a better price.

BEAR CASE
Price to go farther down to ~122.9, there we can see some support. Our ultimate target is ~122

BULL CASE
We expect price to test at least 122.9 but the support can be stronger than expected, do not be surprised if we bounce to 125 from there before another big leg down.
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