CHF/JPY falling inside minor ABC correction 4

CHF/JPY falling inside minor ABC correction 4

  • CHF/JPY falling inside minor ABC correction 4
  • Next sell target - 114.70

CHF/JPY continues to fall inside the minor ABC correction 4 – which started earlier – when the pair reversed down from the resistance area lying between the resistance level 118.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from the middle of April. Having recently broken the support trendline of the aforementioned up channel - CHF/JPY can be expected to fall further to the next sell target at the next support level 114.70 (61.8% Fibonacci correction of the previous upward impulse from June).

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