Lingrid | CHFJPY bearish DIVERGENCE at RESISTANCE zone
The price perfectly fulfilled my previous idea. It reached the target. CHFJPY market has reached the resistance zone at 173.000, where it has formed a bearish divergence, indicating that the market may be losing momentum. Given that this level is a strong resistance zone where the price has previously dropped, there is a higher likelihood of a reversal or a pullback again. The market’s break above the downward channel is significant, and I anticipate a potential retest of this channel before making any further moves. My goal is support zone around 171.800
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