CHF/JPY Technical: Bullish Exhaustion Sighted Below Key Resistance of 166.60

After recording an accumulated gain of +2

Sentiment is: Positive

Technical Analysis

CHF/JPY has broken through a resistance line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 163.7426 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

CHF/JPY broke through important 163.3450 price line

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