Quote:
Originally Posted by Ilya Spivak
Having broken down out of an upward-sloping channel that had contained price action since February, CHFJPY found support at the 61.8% Fibonacci retracement of the 03/20-04/22 rally at 99.41. Should this support be broken, the bearish drop could be very large.
Ilya
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Hi Ilya..
I've got a slightly different view for this pair. I'll be looking for a bounce off of support to buy.