SamKent
Long

CHF/JPY BULLISH POTENTIAL

FX:CHFJPY   Swiss Franc / Japanese Yen
48 0 1
The CHF/JPY             Daily chart is exhibiting some buying potential. We're looking at an impulsive up move, followed by a corrective down move back to the 21 and 8 EMA's. We may be looking at a rejuvenation of the upside capability as indicated by the stochastic pointing up, as well as the possible sideways basing as a conclusion of the downside correction. We favour a buy on the pair, aiming to crack the recent highs and head towards the 128.000 level.
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