CHF/JPY BEARS ARE GAINING STRENGTH|SHORT

125
snapshot
Hello, Friends!

CHF/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 171.708 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

✅LIKE AND COMMENT MY IDEAS✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.