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CHF/JPY Plausible price action

Oleh stamoyo
Symmetrical triangle has formed and predicts a further upside movement. Probably the price will hit .62% of the Fibonacci Retrace levels. Not only a retrace level but also the distance of the beginning of the triangle is as big as the one from the probable breakout to the .62% Fib Retrace lelvel. What is more, the RSI was quite bullish but the EMAs are relatively neutral. This is actually, typical for trend reversals. See what will happen.
*Disclaimer: this is for educational purposes only*
Chart PatternsTechnical IndicatorsTrend Analysis
stamoyo

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