CHF/JPY - Continuation of the downtrend?

FX:CHFJPY   Swiss Franc / Japanese Yen
Will be looking to take a short position on CHF/JPY             based on the following reasons:

- Previous support has now become resistance (108)
- Failure to break past 0.618 fib levell
- Bounce of 50 EMA

Trade safe
Trade closed: stop reached: Market reminded me that I am her bitch!
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