CHFJPY 2H chart Update.

As mentioned in the previous analysis the pair have formed a bearish pattern on the Monthly timeframe. Looking at the 2H chart we can see that the price failed to break the resistance level and formed a rejection wick. Therefore we can immediately look for shorts positions. The first take profit will be the 50 retracement level ( which is perfectly aligned with a support level).
CHFJPYHarmonic PatternsTrend Analysis

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