CHFJPY 1H

17 Eyl 2016

Price appears to be in a down trend. The move beneath the 50 and 200 EMAs, trendline, and 0.50 fib level suggest there was significant selling around 105.00. It was projected that price should bounce off of the lowest fib level. However, due to too many buyers or very significant selling at 105, price continued to fall.