CHFJPY: Overbought Market & Correctional Move 🇨🇭🇯🇵

What a sharp bullish rally on CHFJPY at the end of December.
The market was nicely growing within a rising channel.

The price managed to reach an important psychological level 127.0.
Then bears started to push and managed to break a support line of a channel.

It looks like the market is overbought and a pullback is coming.

Initial goal - 124.5

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Check my new idea on S&P500 Index: