Weekly level reaction

FX:CHFJPY   Swiss Franc / Japanese Yen
I was bearish on CHFJPY until I saw that after the break of the 111 level the buyers stepped in and pushed the price above the level forming a bullish engulfing . There is also a channel break. This might be a sign of a corrective move starting. I will also watch carefully 122.50-113.00 zone, for any signs of trend continuation.
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