Trigger happy traders have been trapped into buying CHFJPY and they are hopping it goes up.BUT HOPE IS NEVER A GOOD IDEA IN THE MARKET PLACE, CHF JPY is destined to drop for this whole week.
Any explanation to this? The Swiss is trading at an average daily rate of change @2.41 while the yen is trading at a daily rate of change @2.18. Its at the bottom of a new established support from previous low structure. Fundamentals as well as technicals are aiming long on chfjpy. Unless you see something different than I
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