On the weekly chart Chf/Jpy has put in a double bottom,
and the fibonacci expansion target on the weekly chart of 61.8% is around 122
for the long-term target:
Chf/Jpy weekly chart
On the daily chart we find that the pair has broken up through the daily downtrend-channel
and any move up from here seems without resistance,
so a strong move upward seems to be building
On that note a possible target would be the 61.8% fibonacci expansion line
of the last daily move up,
which lies around 105.7, and …
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