DeGRAM | CHFJPY reached the resistance

CHFJPY is moving between the trend lines in an ascending channel.

The price started to react to reaching the resistance level by decreasing.

The current resistance level at the last touch became a pivot point.

We expect a decline to the support, which coincides with the 50% retracement level.

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Chart PatternschfjpyanalysischfjpysignalSupport and ResistanceTrend Analysis

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