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bcurbelop
Jun 21, 2017 3:13 AM

Big move coming on CHFJPY Short

Swiss Franc/Japanese YenFXCM

Description

My bias on this pair is to the downside. If we breach the white and yellow trend-line we will go long. Current bias is short though, looking for targets at 108 and then 106.

Comment

Short bias is now denied, we will look at a retest of support, former resistance, (orange dotted line) to buy with targets around 120. Since I still see strength coming in the yen my position will be very small.
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