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Is the CHF/JPY our friend’s trend still or has it eventually bending?

It can be seen a double -timer style in its time frame for 4 hours with the husband is still waiting for the confirmation of the declining direction.

It is better to keep this possible configuration of your radar if we get the neckline break!

Only last week, the Bank of Japan reduced its sincerity in the Mayo policy statement, which led to a sharp decline in the yen.

The sale of its sale against the Swiss franc for a long time. After all, the Swiss National Bank does not feel optimistic about its economy as well, and the policy makers are still cautious about the flow of safe haven on the currency.

It can be the possibility of SNB Currency Continue to withdraw CHF/JPY lower?

Remember that directional biases and fluctuations in the market price are usually driven by the basics. If you have not yet performed your home duty on Swiss franc and Japanese yenThen it is time to check Economic evaluation And stay in knowledge Daily basic news!

CHF/JPY is already closed to the double neckline support, and the lower lounge can confirm that the downtom direction of the same height as the pattern (about 400 points) is due.

Although 100 SMA is higher than 200 SMA indicates that the lower resistance path is on the top side, keeping your eyes peeling for a possible step less than the dynamic support 200 SMA, which can pave the way for the next negative goals in S2 (170.90) and then S3 (169.40).

Then again, the reflection candlesticks that are formed in the support area are still 172.00-173.00 to another bounce to other peaks at a major psychological mark 176.00 or at least until the axis point level (174.67).

Whatever the bias that end up to circulation, do not forget to train properly Risk Management And stay familiar with First degree incentives It can affect the morale of the comprehensive market!