Wolf

[CHFJPY] ABC Pattern with Fibo + Pull Back + Support level

FX:CHFJPY   Swiss Franc / Japanese Yen
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In my previous short-term idea, we can see how it broke and it went down touching a 61.8% support level + Support trend line . However, in a very long trend we see a possible change in direction. So, in the case of a break-down of the diagonal support line showed in the graph, we can confirm a break to 119.223 support line + Fibonacci extension of 38.2%, followed by a classic pullback with 61.8 Fibonacci + previous resistance line.