Wed, 16 Sep 2015 13:33:05 GMT
CHF/JPY 4H Chart: Channel Down
CHF/JPY is testing the northern boundary of the bearish pattern now, but bulls are unlikely to succeed in penetrating this important resistance, which is reinforced by 100 and 200-period SMAs from above. On the other hand, the pair should also find it difficult to escape the vicinity of major levels surrounding the spot price. In case bears eventually push CHF/JPY