Chf/Jpy
The H4 chart shows that the price has been roaming around the level of 112.0000 and 112.6000. The level of support produced a bullish engulfing candle already. If it produces another one, it may attract the minor intraday traders to go long. This may eventually help the price make an H4 bullish breakout at the level of resistance. On the other hand, a bearish breakout at the level of support may push the price towards the downside. However, it may not get strongly bearish soon.


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