As we are heading towards the 161.8 fib level as well as a strong resistance level @118.00 price level, today's candle show us a nice BEARISH sign. We could see an early reversal soon for CHFJPY with signs of reversal. From a bollinger band point of view, we can see that a price level is already at the upper band with a nice rejection off it. I will be seeing price level to drop all the way down to 100 fib level as of now, also where a strong support level is at. For now, I will trade the BEARISH movement with additional position when we see it bulling up to the strong resistance level (or 161.8 fib level).
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