Most of the JPY pairs are on my watch list, and CHFJPY from the higher time frame is looking the best among the JPY pairs.
We can see there is a strong bearish impulse phrase from the price, and the consolidation begins.
A parallel channel correction, that could lead to the next bearish impulse from the price when it finishes correcting.
Latest price shows a lower time frame ascending channel, correcting itself to the top of the channel structure.
Watch for bearish reversal price action, head and Shoulder, double tops, smaller ascending structures on the lower time frames to give us the confirmation we need to look for sell entries down to the lows.
Feel free to ask me questions, or comment/feedback.
Thank you
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Price is on route to further downside after the correction has completed.
It's in a bullish trend