DeGRAM

DeGRAM | CHFJPY reached the resistance

Short
OANDA:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY is moving between the trend lines in an ascending channel.

The price started to react to reaching the resistance level by decreasing.

The current resistance level at the last touch became a pivot point.

We expect a decline to the support, which coincides with the 50% retracement level.

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