CHFJPY: ⬇️ Sell
- CHFJPY reversed from resistance zone
- Likely to fall to support level 202.00
CHFJPY currency pair recently reversed from the resistance zone between the strong resistance level 204.00 (which stopped wave () in March) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the previous minor impulse wave 3, which belongs to the intermediate impulse wave (3).
Given the strength of the resistance level 204.00, CHFJPY can be expected to fall to the next support level 202.00 (low of the previous correction 2).
 in March) and the upper daily Bollinger Band.){kind=link}