SamKent
Long

BUYING OPPORTUNITY ON THE CHF/JPY

FX:CHFJPY   Swiss Franc/Japanese Yen
89 0 0
The CHF/JPY             4H chart is trading at horizontal support (120.610), as well as at support from a previously broken descending trend-line. This coupled with an oversold stochastic reading, in an otherwise neutral market makes us interested buyers. We'd like to see the current candle close with some significant lower wick, which in turn should make us very bullish , aiming to move towards the 123.000 handle.
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