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.

chfjpy forex market analysis

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

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The content of this article is purely educational purpose does not give any trading advice to Buy or sell securities. All investing and trading in the securities market involve risk. IntraQuotes disclaims any liability for any damages or losses that may arise from using the information in this article. Traders are solely responsible for their own decisions and actions when choosing and trading with any broker. IntraQuotes disclaims any liability for any damages or losses that may arise from using the information in this content.

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