CHFJPY: Good Short Opportunity

٦ أكتوبر ٢٠٢٠

CHFJPY reached a strong horizontal daily structure yesterday.

the price started to consolidate and coil within a horizontal trading range on hours once it reached the above mentioned key level.
just recently the pair has broken below its support.
the breakout is considered to be confirmed now.

now I expect a bearish continuation to 115.15