Tuesday market analysis: CHF/JPY

Hello traders,

One setup that really stands out is:

 

1. CHF/JPY

In the past seven years plus, this is the highest zone price has reached on the CHF/JPY. Also price has previously hit this zone twice.

Meaning we are most likely to see price rejection for the better part of this week. That translates to 150 to 320 pips if sellers kick in for the rest of the week.

 

What say you?

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