The currency pair is trading in the main downward price channel. A false breakout of the resistance level has formed on the H4 timeframe, which resulted in the Pin Bar reversal pattern. Awesome Oscillator indicator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. A breakout of the signal candle in the H4 timeframe will result in the formation of a 1-2-3 descending pattern.
CHFJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell at the breakout of 114.89.
Stop Loss: 115.17.
Target levels: 114.56; 113.80.