CHFJPY ANOTHER WAVE UP BEFORE DOWN

CHFJPY hasn't tested the upper trendline of the descending channel which could be the case tomorrow. The upside target is the double top near 124 level. If holds it could lead to a continuation of a longer term decline.

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Closing half position with profit and placing stop loss on break even.

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Re entry of the long position seems to be a very good choice, even an aggressive buy could work out very well.

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Stop at break even