CHFJPY Chart Technical Outlook

CHFJPY Chart Technical Outlook Be wary of a false upside breakout
Although the cross is attempting to move through the channel formation to the upside, with the JPY Basket now offering an upside bias, I would be wary of a false breakout.
It should also be noted that bespoke support is located at 170.48 and 168.54. These important levels line up with Fibonacci extensions.
My preferred stance would be to attempt to buy dips at the zones.

We will be happy to hear your thoughts

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