USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CHF: 'Double Top' led to decline
Information is not investment advice
The last 'Double Top' pattern led to the current decline. There's also a 'Flag' pattern, which has been broken, but the 89 Moving Average acted as support. Thus, it's likely to have an upward correction towards the previously tested resistance at 1.0067. The subsequent pullback from this level could lead to another decline towards the next support at 1.0023, so we could have a new local low.
Sergey Logachev
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