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CHFJPY recently reversed down from resistance area lying between the key resistance level 115.150 (former support from the start of September, which stopped earlier wave (a)) and the 38.2% Fibonacci correction of the previous ABC correction (a). Given the strongly bullish yen sentiment seen across the FX markets today, CHFJPY is likely to fall further toward the next support level 113.300 (low of the previous corrective wave (a) from September).
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