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Swiss Franc / Japanese Yen
Short

CHFJPY Breaking upward channel

By Jakesvanzyl
Updated
snapshot
Take note how a close below 111.7 today will break the EMA50 and the upward trend line. Expect a bear rally when this happens.

Also note on the Weekly how we are overbought, the EMA50 is also holding;
snapshot

Be careful of the 109 level it will give a lot of support.
Note
The channel is breaking and it is going DOWN!!!
Note
snapshot
Note
Also note the double top at 113.00!
Chart PatternschfjpyshortTrend Analysis
Jakesvanzyl

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