CHFJPY 24/5/2020 (MIDAZ TRADING STRATEGIES)

CHFJPY

Daily view = Bearish
4H Uptrend line in danger. Momentum shows possible mirror image, Uptrend to continue is possible.
We suggest follow the short term temporary line breakout direction for 1/2 the average volatility =40pips.
it will be uncertain to hold longer in any directions.
As long term downtrend resistance vs 4H uptrend support at tight range.
short possible target point at 110.09,
If price rally above 111.7, we will target 112.3