CHF/JPY bounced off the lower trendline of the wedge, starting a short-term bullish move of an expected 100 pips.
Consider exiting your position around the red area of support. Chances are that CHF/JPY will reverse and follow the multi month wedge. In case it surpasses the uppr resistance line, watch out for the blue dotted line as it functions as a strong short term resistance.
Consider exiting your position around the red area of support. Chances are that CHF/JPY will reverse and follow the multi month wedge. In case it surpasses the uppr resistance line, watch out for the blue dotted line as it functions as a strong short term resistance.
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