CHFJPY is heading towards the resistance line of a Channel Up and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
CHFJPY – approaching a resistance line that has been previously tested at least twice in the past
