CHF/JPY is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 5 days.

Should we expect a breakout or a rebound on CHF/JPY?
CHF/JPY is heading towards the resistance line of a Channel Down. If this movement continues, the price of CHF/JPY could test 168.1276 within the next 14 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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