After testing the support line numerous times, CHF/JPY is once again approaching this line. Can we expect a bearish trend to follow?

CHF/JPY - getting close to support of a Channel Down
Emerging Channel Down pattern in its final wave was identified on the CHF/JPY 4 hour chart. After a strong bearish run, we find CHF/JPY heading towards the upper triangle line with a possible resistance at 168.7880. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.

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