The CHFJPY pair has undergone a remarkable decline, plummeting from its recent March high of 147.55 within a span of fewer than 8 hours, and shattering both the M15 and H1 supports.
Based on MY analysis, I anticipate further downward momentum, with a projected decline to the 142.331 region. This outlook is reinforced by the breach of the H4 uptrend channel to the downside, indicating a possible bearish trend. We may witness a marginal retracement to the broken H1 support before the anticipated drop, or alternatively, a direct move towards my target.
Based on MY analysis, I anticipate further downward momentum, with a projected decline to the 142.331 region. This outlook is reinforced by the breach of the H4 uptrend channel to the downside, indicating a possible bearish trend. We may witness a marginal retracement to the broken H1 support before the anticipated drop, or alternatively, a direct move towards my target.
