CHFJPY: Possible Bearish reversal

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CHFJPY

Possible Bearish Reversal from 1W resistance area. Head & Shoulder pattern is formed on 4H timescale.

Price is testing neckline resistance. If resistance is sustained and price may come below 122.56, it may continue bearish trend.

Potential target can be around 0.5 Fib extension level and may further take 1D support from 120.56.

Thanks and Good Luck for trade