Update on my previous analysis on CHF/JPY..

31 Mei 2023

So the 153.200 support region couldn't hold.. And I couldn't find a pinbar followed by a bullish engulfing candle on a lower timeframe(15mins) which should indicate a reversal. However, the 152.800 region has provided support and on the lower timeframe(15mins), a pinbar followed by a bullish engulfing candle has appeared. This to me indicates a bullish reversal and a long position has been opened at the close of the bullish engulfing candle on the 15mins chart.. EP.. 152.960.. SL. 152.700.. TP.. 154.400.. Good luck!!..