Technical analysis of the CHFJPY pair.

CHFJPY daily

Market is Ranging. Price is also ranging. Bears will sell at resistance and bulls will buy at support. I think that the trend will continue to range where bears sell at MM3 and bulls will buy at MM1.

Source: MT4

CHFJPY H4

Market is ranging. Right now its on the bearish part of the range. What i think will happen is that it will carry on being on the bearish side of the range, heading towards profit taking at WM1.

Source: MT4

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