The surprise rate cut by SNB has reinforced the bearish momentum of CHF/JPY. CHF has weakened across the board against the G-10 currencies; it is the weakest against the EUR. Watch the 169.00 key short-term resistance on CHF/JPY with key support coming in at 166.55. The CHF/JPY cross-pair has remained soft as it failed to […]

The post CHF/JPY Technical: On the Brink of a Potential Major Bearish Breakdown (CHF Weakness) appeared first on Action Forex.

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