CHF/JPY – weekly chart shows strong Swiss franc depreciation. We can note two broken supports and dynamic movement to the south. Last week brought an attempt to initiate a correction which reached local resistance where a rebound began. Bearish pin bar under resistance, which is preceded by strong declines, rather suggests continuation of this movement. It seems that in nearest future target of supply should be the level of support around 112.50.
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On H4 you can see correction moving to resistance than strong reflection and drops to new minima. The current correction moves within inside bar formation on the daily chart. Weakness of this movement should lead pair to new minima, and this will be a clear sign of further declines.
