positionforex

$CHFJPY seems poised to make another run 117.50

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
A rising MA bodes well for price while the stochastic may be reflecting a short term head fake. Stochastic has been making higher swing lows as well. The chart structure reflects an ascending triangle which usually serves as a continuation pattern which in this case means Franc strength.

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