CHFJPY Chart Technical Outlook stalls at the first upside barrier With a weakening Japanese yen (JPY) we have seen a strong move to the upside for the cross overnight. However, the rally has stalled at our first resistance level of 170.42. It should also be noted that the projected AB leg barrier for a bat formation is located at 170.51. There is ample scope for an intraday correction to the downside.
