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    Technical analysis of CHF/JPY for March 18, 2016 2016-03-18

    Based on the previous analysis, the CHF/JPY pair is expected to move lower after testing the 115.40 resistance (R1) once again.

    Consider holding short positions with a stop loss just above R1, targeting either S1 (114.10) or S2 (113.60) as the final target for a potential upcoming wave down.

    Support: 114.10, 113.60

    Resistance: 114.90, 115.40

    CHFJPY_INSTA.png

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