FX:CHFJPY   Swiss Franc/Japanese Yen
16 1 2
Yes, it was a necessary move after the SNB has given up its support or the Euro             . But as usual the market tends to overreact. 3 resistance line have been overcome but I think that we mayecpect a further retracement. The Swiss Franc hasn't proved to be strong against the yen over the recent times. I think that the SNB's decision doesn't change this tendency in general.
motleifaul
2 years ago
Never catch a jumping jack! - Old stock exchange proverb. This was a big loss, indeed. But I have to realize and close the position.
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