". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The is at 47.
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
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