CHF/JPY continues to fall strongly after the recent breakout of the daily Triangle from last December. The breakout of this Triangle accelerated the C-wave of the currently active intermediate ABC correction (2) from March (as you can see from the daily CHF/JPY chart below).
This C-wave recently broke down below the support level 115.00 (which created the bottom of the previous A-wave of the currently active ABC correction). CHF/JPY is trading close to the support trendline from last June. If the price breaks this trendline, CHF/JPY can fall to the next sell target 112.00.
The post HY MARKETS News: Forex Report: CHF/JPY appeared first on | HY Markets Official blog.
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