Technician

CHFJPY: Trying to Bottom

FX:CHFJPY   Swiss Franc / Japanese Yen
339 1 4
After completing a retest of the mid-channel support, mentioned in my earlier analysis (https://www.tradingview.com/v/OGuGhuZB/), the pair rebounded of the mid-channel support and could be forming an inverted head and shoulders pattern, however a break above the neckline of the pattern near 115.90 is required now to signal a potential move higher within the context of the long term bullish channel , first target could be at the recent major high at 119.15.

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It seems that we have now a short signal, you should publish an update.
Best Regards,
Serge
-1 Reply
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