CHFJPY Daily timeframe shows a continuous downtrend while close to the previous support level.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down - Kijun sen down - Tenkan sen down - Chiko span below candles
Next Scenario:
Market could bounce at 117.48 support level as Kumo is a bit too thin. Watch out for a retracement. Afterwards market could bounce by Tenkan sen and continue to be bearish.
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