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CHFJPY Market Analysis: Head and Shoulder

Posted on Dec 13, 2023 | By Yuki Tanaka

Price action pattern – head and shoulder have formed on the 15-minute chart.

The market has fallen sharply after breaking the neckline at 166.16. At this moment it has fallen to 165.70 and made 46 pips movement.

It can continue a downtrend until 165.60 the lowest low. But before that currently its correcting the downtrend.

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