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Chf/jpy pair is consolidating into a symmetrical triangle pattern as shown in the daily chart . A symmetrical triangle is represented by the price action getting squeezed between the downward sloping trend line and an upward sloping trend line . Traders should watch for a breakout of either the upward sloping or the downward sloping trend line and take the trade in the direction of the breakout . Chf/jpy pair is good to add in the traders watch list and traders should wait patiently for a breakout and trade in that direction.
