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CHFJPY – ST Corrective Structure Below Key Resistance (Daily chart)
Since the successful break and close below the support zone in March, the CHFJPY has formed a ST corrective structure below the key support zone.
Price is currently trading at the bottom of the ST structure and a successful break below 110.15 can open up for a bigger move south with the next support coming in near 107.75. Meanwhile a daily break and close above 113.50 would likely attract a fresh round of bulls and put 116.00 back into focus.
Stay tuned to the …... Keep reading