The situation at the aforementioned EURGBP (https://comparic.com/eurgbp-pin-bar-50-fibo/) develops as expected and the price has fallen by 60p until today morning.

The next interesting situation I found is on CHFJPY. After forming a PA formation very close to Double Top (DT), which is usually a bearish signal, the price of the pair fell below the upward trend line which extends from 8th and 15th September and the minimum from last week.

CHFJPY H4

The nearest target for bears may be the next trend line – this time the downward trend which is extending from the 2017 maximum and the peak of 25 July and local support 113.70-80. This level is quite crucial because we have confluence in the form of support and a downward trend line. If pair overcomes it the price may continue to fall to support 112.40-60, from where the price has already repeatedly returned.

CHFJPY Daily
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