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lobfxempire

CHFJPY Weekly Analysis

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Franc Swiss / Yen Jepang (FX:CHFJPY)  
lobfxempire  
FX:CHFJPY   Franc Swiss / Yen Jepang
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CJ appears to have created a bearish 3 drive strike pattern, as of now I believe price will reach the -27% (116.346) on the fib, and keep falling to the -68% (115.959). The market may gap up as soon as it opens and move up more to create a much more clear 3 drive strike pattern on the 4hr before falling but ultimately I think price is headed towards the bears because price reached the highest it has been this year and immediately turned around. What do you guys think?

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lobfxempire
CHFJPY LONG
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