Bearish Bias
Dear Trader,
I trust you're doing alright.
CHFJPY is struggling to continue its bullish trend. This signals a possible bearish reversal. We expect the price to continue to push downwards in the coming week. Also, the Price needs to break below the static support level at 164 to confirm the bearish trend. Also, we can see the formation of a descending triangle pattern. A break below would signify more bearish momentum.
On the other hand, a break above the resistance level would signify a bullish continuation.
Please what do you think about CHFJPY?
Kindly like and comment below.
Warm regards,
D
I trust you're doing alright.
CHFJPY is struggling to continue its bullish trend. This signals a possible bearish reversal. We expect the price to continue to push downwards in the coming week. Also, the Price needs to break below the static support level at 164 to confirm the bearish trend. Also, we can see the formation of a descending triangle pattern. A break below would signify more bearish momentum.
On the other hand, a break above the resistance level would signify a bullish continuation.
Please what do you think about CHFJPY?
Kindly like and comment below.
Warm regards,
D
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