CHFJPY idea

10 ביולי 2020

I'm personally favouring the downside here. But since it's Friday afternoon, I'm fully aware that the direction could easily change next week. But just in case things move a bit faster, this is how I'm looking at this - pulling the fibs on the downward movement these past several hours, there were some overlap/veeeery close to being close. Given that (near) confluence, I'm looking for some support/resistance at the highlighted zones there - the boxes and the fib levels - before the market continues bearish.

Not gonna be stuck on this idea though. It is Friday afternoon after all