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Tue, Feb 20, 2024

Multi-year Resistance breakout after 4 years on CHFJPY
1 mins well spent

A big Bull run going to happen

A big bull market run

After 4 years, CHFJPY is breaking this multi-year resistance level in the weekly timeframe chart.

A big move is expected soon on CHFJPY.

Hold the CHFJPY for the long term.

In the 4-hour timeframe chart, CHFJPY has broken the resistance level after a long time.

CHFJPY broken the resistance level after a long time

US Dollar posted a more substantial gain against the Japanese yen after CB consumer confidence rose to 121.7 in April from 109 in March.

Bank of Japan left interest rates unchanged at -0.1% and cut its consumer inflation forecast to 0.1% from earlier predictions of 0.5%.

And Retail sales increased by 5.2% on YoY, but inflation overcomes these numbers.

Japan Retail sales increased by 5.2

Japanese Government concentrate on Businesses to close to avoid the spread of Covid-19 and put down more restrictions in Tokyo, Osaka.

Japanese yen hurt more against Major currency pairs like US Dollar, GBP, EUR, CHF, AUD and NZD dollar.

We are expecting a very big bull move on CHFJPY soon.

Reason: CHFJPY market has broken the Multi-year resistance level after 4 years.

Catch this big bull now to hold your profits for the long term.

Catch the bull market move

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