As we can see, 117.62 price level has been a strong resistance line for CHFJPY with 116.55 price level resistance level being a weaker resistance. We managed to see several breakout of 116.55 resistance level which eventually tested 117.62 price level where there are several rejections off that level. As of now, what we managed to see is a rejection off that resistance line moving back 116.55 price level. Today's candle was more of a retest candle which retested the resistance zone (red area) before further bearish continuation. For now, I will be seeing a potential short opportunity to the support zone (green area).
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