CHFJPY: Update - Price Development Within a Pattern

Penjualan

Franc Swiss / Yen Jepang (FX:CHFJPY)

FX:CHFJPY Franc Swiss / Yen Jepang

From the previous idea, we can see that the price tested the neckline of the pattern for the fourth time.
Now it is moving down again.
Overall, the price is in a type of correction and it seems trapped within some sort of triangular pattern here.
Any price breakdown from the triangle would increase the chances of a further bearish momentum.

Targets:
122.20
121.55

Thanks and Good Luck!

Previous Idea:

CHFJPY: Third Neckline Retest | The Moment Of Truth

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