CHFJPY is testing a strong upside resistance
CHFJPY is testing a strong upside resistance 119. This is a confluence of the resistance marked by an ascending triangle resistance line and rising wedge resistance. A rejection here and a break below 117.20 could lead to a deeper pullback. A break above will mark a significant change in the prevailing sideways range and could lead to a strong upside extension.
Note – Look for short trade entries upon a break below 117.20 or a long trade on a confirmed break above 119
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