CHFJPY has shown a decisive rejection from the key resistance zone, initiating a strong bearish impulse that signals a shift in market sentiment. The momentum suggests a clear move toward the horizontal support level, with the structure favoring continued downside after a corrective pullback. As per market dynamics, every impulse is typically followed by a correction, which we anticipate unfolding soon—potentially offering a textbook opportunity to re-enter short positions on a retest of minor resistance. The bearish pressure remains intact, and unless the structure shifts, the path of least resistance is firmly to the downside.
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