CHF/JPY - Breakout failure.
On the weekly chart, the price is stuck between two strong levels and is now moving in a range.
On the daily chart, we see that the price tried to break through the resistance level, but was unsuccessful.
New support levels also failed to act as a strong support zone.
So, the price moves down towards the beginning of the move to retest the support level in order to make another attempt to break the resistance level.
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This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
On the daily chart, we see that the price tried to break through the resistance level, but was unsuccessful.
New support levels also failed to act as a strong support zone.
So, the price moves down towards the beginning of the move to retest the support level in order to make another attempt to break the resistance level.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
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