CHFJPY rising wedge warns about reversal

CHFJPY is testing 133

 

CHFJPY is testing 133 rising wedge upside resistance. A break below 132 is required for the rising wedge downside breakout and the start of a downside reversal toward the 128 and 121 levels. Short-term 133 on the upside and 128 on the downside are the key levels.

Note: look for the short trade entries with the stop loss above 133.5

CHFJPY downside reversak

 

 

 

 

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