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Like all the yen pairs, CHF/JPY has also been trading higher and after more than 1000 pips in a matter of only 2 months this pairs is taking a pause and we can already see it has established quite a big range from 124.50 previous swing high which is our resistance level and 120.50 support level which makes 400 pips of ranging zone(see Figure 1). Until we break one of this level we can safely assume we're going to be trading inside this range in the coming weeks and as Elliott Wave sequence sugge…
