The price is below the 200/MA and there looks to be a potential fail in the pullback. I think it will now head in a down trend to meet the previous area of resistance.
The CHFJPY has broken below the area of support and is looking towards the downside. The area of support (now turned resistance) area has already been tested once so there is a possibility that this area can be tested again. However, for the long term i think the price will fall slightly before starting to consolidate. I wouldn't trade this position right now as i...