CHF/JPY
After faltering to clear a major resistance at 84.55 (38.2% retracement of March to June 2012 downward wave and upper bound of a short-term bearish channel), the CHF/JPY has gone back to the decline and should test a support at 82.82 (short-term support trend line). Only a break below this level would signal an extension of the downtrend towards 82.08 (recent low pivot). (Short : Stop @ 84.60 ; Target @ 82.10)
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NATIXIS