CHFJPY has recently breached its trend channel, but it continues to exhibit a bullish bias. This alone is not a sufficient signal to initiate selling positions. I would prefer to observe a breakdown below the present support level, accompanied by the formation of lower lows and lower highs. This would provide a compelling opportunity to consider selling positions, aligning with the target levels illustrated on the chart.

Please, don't follow my signal blindly, trade based on your own risk.
Trend Analysis

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