globalfxkingz
Long

CHF/JPY POTENTIAL BREAKOUT MARKET WATCH

OANDA:CHFJPY   Swiss Franc / Japanese Yen
as we can see here on the CHF/JPY chart, JPY has been trading strongly against the Swiss franc .price has previously doubled topped to confirm a change in the structure after a long term downtrend. now price has rocketed to the upside and has moved strongly approaching a very important resistance trend line/area. because of how strongly price has approached the resistance level without slowing down or showing any signs of weakness, we should be looking for a high potential breakout which could possibly happen. so with appropiate candle confirmation or a potential breakout with a retest, we should wait to see how the markets react in this area and then take action from there, to hopefully look for a strong buy to the upside.
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