CHFJPY 2022 Big move to be expected

We can clearly see that we do have a higher high with divergence on the daily with an incomplete structure since the rally from 117 levels.

Fundamentally we can expect the Yen to gain some strength due to the new covid variant being heavily mentioned in the news.

Many other related instruments are currently trading at extreme areas so a big move is to be expected from now into the new year.

This pair can revisit the 120 levels using the fibonacci extension from previous high.

This is only for educational purposes only.