We have what looks like a straight forward bearish setup on the CHFJPY after price gave off a false break of its Psychological resistance. The lower time frames have also shown a breakout, therefore the pair is expected to resume its fall. If the expected sell-off manages to close below its support zone, we would see a much more intensive fall. Supports beyond the Support zones are seen at 104.00, followed by the 103.00 psychological level.
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