PRICE HAS REVERSED impulsively from an area of high value on larger time frames and is currently printing this continuation formation.
IF price can break below the phaseline then shorts will be activated for a push towards a first target of 143.69, however with more potential downside.
Hi Team,
Technicals:
Good 1H rejection wick from daily descending channel resistance, with lovely 4H wick.
Pair is obeying these outlines very clearly at present.
Fundamentals:
CHF being a "safe haven currency" means that we can expect weakness soon, given USD drive this week. There is a temporary hold because of JPY YOY interest rate decision that is...
