FX.co ★ CHF/JPY Bearish Outlook , February 18, 2011 (Daily Strategy)

Swiss Franc - Japanese Yen

The CHF/JPY pair has been trading in a shuffle for over two weeks in a relatively narrow range between the levels of 88.00 from above and 85.00 from below. Right now, after the pair has reached the shuffle pattern's upper range once more and has formed another double top pattern, an attractive opportunity has been formed for entry into a sell deal in the attempt to catch a new wave of downwards movements that is expected to lead the Swiss Franc - Japanese Yen pair back to the lower range of the shuffle pattern. with one goal in 85.20