CHFJPY analysis: Important info. to keep in mind
September 21, 2018 to current date is presented in this CHFJPY analysis on a 4 hour timeframe.
Bearish momentum highlighted by the bearish channel that carried downwards from September 21, 2018 appears to have terminated on October 26, 2018 at a price low of ~111.56.
Part of this bottom price action for the CHFJPY is also shown in this analysis to have formed an inverted Head and shoulders (head and shoulders bottom) that did confirm on November 7, 2018.
The above mentioned pattern is ideally bullish and does imply a possible termination of the bearish trend in the CHFJPY.
Bearish momentum highlighted by the bearish channel that carried downwards from September 21, 2018 appears to have terminated on October 26, 2018 at a price low of ~111.56.
Part of this bottom price action for the CHFJPY is also shown in this analysis to have formed an inverted Head and shoulders (head and shoulders bottom) that did confirm on November 7, 2018.
The above mentioned pattern is ideally bullish and does imply a possible termination of the bearish trend in the CHFJPY.
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