olly48

CHF/JPY Down to Support

Short
FOREXCOM:CHFJPY   Swiss Franc / Japanese Yen
This has retraced to 0.5 Fibonacci, looking for this to now continue downwards to the support level . Need to wait for confirmation of this first as MACD and EMA's are on the bullish side, need to see MACD start dropping and EMA's to cross back over. TP is just below 0.382 Fib at 116.234.

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