CHFJPY Will Go Down! Short!
Updated
Take a look at our analysis for CHFJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 170.790.
Considering the today's price action, probabilities will be high to see a movement to 169.630.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Trade closed: target reached
I am confident in this trade so I will keep it open!
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