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September 07, 2020 at 03:30PM
• CHFJPY reversed from resistance level 117,50
• Likely to fall to 115,50
CHFJPY recently reversed down from the resistance level 117,50 (top of the previous impulse wave (iii)) – stranding near the upper daily Bollinger Band.
The downward reversal from the resistance level 117,50 started the active short-term ABC correction (iv).
CHFJPY is likely to fall further toward the next support level 115,50 (target price for the completion of the active wave (iv)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/chfjpy-wave-analysis-7-september-2020-2-20200907/
Selected by fonecable.com
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