Chart of the day CHFJPY

CHFJPY is retesting the broken downside resistance

On the CHFJPY daily chart, we can see that the instrument is retesting the broken downside resistance 109.500. Look for the short trade entries on an ongoing rejection from here with the stop loss above 109.800. A daily close above 110 is required for the upside reversal.
Note: look for the short trade entries with the stop loss above the 109.800 level targeting 107.

CHFJPY trading technical analysis

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