CHF/JPY SHORT SETUP AFTER BOJ WARNINGS

On CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a bearish candle enters and then closes below the POI. The chart shows a potential trade with entry points, exits, and take profit levels. What do you think? Greetings from Nicola, CEO of Forex48 Trading Academy.