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BUYING OPPORTUNITY ON CHFJPY (SEASONALITY PLAY)

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
Seasonality probabilities suggests a 64% chance that CHFJPY will rise in June based on 12 years historical data. Though Non-commercial sentiment suggests more long bets for both currencies, seasonal sentiment may be the deciding factor. In terms of price action, price still needs to deal with monthly highs of 112.19. We may be looking for retest along the trend line to aim for targets at 112.19 levels.

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