CHFJPY: Top-Down Analysis & Pullback 🇨🇭🇯🇵

CHFJPY reached a solid horizontal daily support.

After its test, the pair started to consolidate on an hourly time frame
within a narrow horizontal range.

The support of the range was broken then.
It is an important sign of strength of the sellers
and it signifies a highly probable pullback.

Target - 165.63

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