CHFJPY: A move above the pattern can push CHFJPY up again

CHFJPY: A move above the pattern can push CHFJPY up again

All the JPY pairs declined aggressively after the market was speculating about a possible rate cut by the FED.

However the JPY strength is related more with the BOJ actions rather than FED.

Technical analysis:
PRice is moving inside a triangle pattern.
A move of the price above the pattern should push it up again as it is showing on the chart.
ONLY BOJ can push the price down again or FED. But FeD has a limited move as we can see.

Thank you and Good Luck