SAXO:SEKJPY   Swedish Krone/Japanese Yen
The overall chart pattern is a bearish Channel .However the trend has shifted with double bottom at 10.6507 of the psychology. A weekly close above the double bottom neckline will expose 12.4075 the 50% Fibonacci retracement zone. There i would be looking for a retracement with a confirmation of candlestick reversal signal to the neckline to confirm the double bottom .

The trend psychology of this pair shows it hardly retest and when it does it does it hard to 61.8% Fib zone.
(Psychology mental model of the pair)


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