CHFJPY: Top-Down Analysis & Pullback 🇨🇭🇯🇵

Short

Swiss Franc / Japanese Yen (OANDA:CHFJPY)

OANDA:CHFJPY Swiss Franc / Japanese Yen

Rectangle Multiple Time Frame Analysis Support and Resistance CHFJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy swissfranc Contains image

rectangle mtfa supportandresistance chfjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy swissfranc containsimage

snapshot

CHFJPY reached a solid horizontal daily support.

After its test, the pair started to consolidate on an hourly time frame
within a narrow horizontal range.

The support of the range was broken then.
It is an important sign of strength of the sellers
and it signifies a highly probable pullback.

Target - 165.63

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