From Cup and Handle to W Formation for CHF/JPY but target 186.04

Initially, we saw a Cup and Handle form on CHF/JPY.

The price however, never broke above the Brim level, and instead formed a W Formation.

So now that we have a W Formation, it kind of changes the analysis but only in the breakout pattern form.

So now we will wait for the price to break above the Neckline of the CHF/JPY.

The rest of the analysis remains the same.

Price>20 and 200

Target 186.04

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