CHFJPY Moving Back to Test 261.8% Fibonacci Level!!!

Looking at CHFJPY, we can see great confusion on recent candles. However, we see a failure to break 117.62 resistance level. Using candlestick pattern, we will like to see a higher or equal level close today to confirm our position. However, I am leaning towards seeing a equal or higher price close from previous day opening price. If so, I will be expecting price level to break out 117.62. Thus, today's candle seems more of a candle where BULLISH strength is building instead of a change in direction for this pair.

Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!