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CHFJPY | New Perspective

The JPY is the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; a breakdown of the ascending channel identified on the 4H time frame, are we going to be seeing a downtrend continuation this week?

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노트

MONITORING PRICE ACTION:

Are we going to see a breakout of the bearish trendline to insinuate a bullish momentum or is there going to be a reversal pattern within the selling zone identified int he video?
Let's wait and see

Good morning

액티브 트레이드

I am still monitoring the structure within the selling zone. So, I am looking forward to a breakdown/retest of 140.900 for confirmation. Lets see what happens in the next couple of hours

Good afternoon

노트

Still waiting for the breakdown/retest of the 140.900 for bearish confirmation. The current structure shows that the price is above the bearish trendline, lets see what happens in the next couples of hours as price is still within the selling window.