Uptrend exhaustion on CHFJPY
CHFJPY is facing exhaustion in the uptrend, with a wedge pattern and strong bearish RSI divergence.
I see no reason to go long at current levels, and a break of trendline support will give us short opportunities targeting the 3 purple lines shown in the chart.
I see no reason to go long at current levels, and a break of trendline support will give us short opportunities targeting the 3 purple lines shown in the chart.
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