A bearish reversal has been identified on the CHFJPY chart.
Following a period of consolidation, a significant double top pattern was formed on the 4-hour chart.
The neckline of this pattern was violated yesterday, and there is now a confirmed breakout of the support range being retested by the market.
It is likely that the pair will continue to decline towards the 174.02 support level.
Following a period of consolidation, a significant double top pattern was formed on the 4-hour chart.
The neckline of this pattern was violated yesterday, and there is now a confirmed breakout of the support range being retested by the market.
It is likely that the pair will continue to decline towards the 174.02 support level.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.