VasilyTrader

CHFJPY May Drop! Daily TF Analysis

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FX:CHFJPY   瑞郎/日元

hey traders,

after breaking below the support of a symmetrical triangle
the market has retraced and now it is retesting the broken support.

broken support matches perfectly with a horizontal structure resistance level 109.6

I believe that bets are very high that we will see a bearish continuation in the direction of the recent breakout.

The initial target is 109.0

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