EXACT TRADING FX Trading News and Early Morning Review |
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CHF/JPY breakout failure and return to the range
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A couple of weeks ago we had a look at the CHF/JPY which made a very nice break to the upside. As with all such breakouts the proof comes in the follow through not the original move.
The failure is now complete so what next ? A 50% retracement to the middle of the range is almost complete, however there are a couple of other optiosn as well. |
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