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CHFJPY [Weekly Directional Analysis]

FOREXCOM:CHFJPY   Franc suisse / Yen japonais
Simple Analysis on CHFJPY:

Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.

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