CHFJPY

Ascending channel movement. After a great impulsive move we are looking for Good correction phase like fibo level 50%. Price hit the major horizontal resistance zone and ascending channel resistance is well. I am expecting local Resistance may push the price down side towards the channel support on higher time frame a great rising wedge can also be seen. This is last zone where bearish movement can start if price can't hold this zone we will see further higher level.