↑ CHFJPY probability of re-testing the previous downtrend
Hello, Traders! This pair, in my opinion, has a decent probability of re-testing the previous downtrend, which is around 40-50 pips to the upside; if we manage to break it, it should continue to the previous area of resistance. Two moving averages are covering our stop loss, so if it pulls back, the 168.52 and 168.72 levels, or the area between them, are key to watch for a reversal.