CHF/JPY is currently signaling bearish potential with the formation of a Double Top pattern, a classic indicator of a possible reversal. Additionally, the pair experienced a gap up, but the bullish move lacked sufficient volume to sustain upward momentum.
This setup increases the likelihood of CHF/JPY moving lower toward the next support area, while also potentially closing the previous gap.
Recommendation:
- Sell CHF/JPY
- Entry: 185.364
- Take Profit: 184.673
- Stop Loss: 185.867
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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