CHFJPY: Bearish Outlook Explained 🇨🇭🇯🇵

Short

Swiss Franc / Japanese Yen (OANDA:CHFJPY)

OANDA:CHFJPY Swiss Franc / Japanese Yen

Trend Lines Candlestick Analysis Parallel Channel CHFJPY swissfranc jpy yen japaneseyen swing swingtrading swingtrader Contains image

trendline candlestick parallelchannel chfjpy swissfranc jpy yen japaneseyen swing swingtrading swingtrader containsimage

snapshot

CHFJPY formed an important high momentum bearish candle last week.

With one single candle, the pair violated a lower boundary of a horizontal range,
and the market also closed below a major rising trend line.

It makes me think that the pair may go lower.
Goals: 162.42 / 160.8

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