Get started
i_am_siew

CHFJPY : Opportunity

Short
Swiss Franc / Japanese Yen (FX_IDC:CHFJPY)  
i_am_siew Updated   
FX_IDC:CHFJPY   Swiss Franc / Japanese Yen
Fundamental Analysis
8
2
fundamental
The chart above looks good.

Want to know what drives CHFJPY?

When it would turn?

Comment:
As you can see, it neither follows ABCD or retracement value. As you know by now, ALL FX pairs are different.

It only follows the SNB rate decision, and so far we expect another 25bps hike next month on 22 June. This should be the FINAL rate hike. SNB would meet AFTER FOMC @ 13 June 2023. If the FED stops hiking, then we can expect SNB to follow.

If we can expect SNB stop and maybe start cutting, that would be the right time to prepare our trade. Anyway, I do not think it would go above the previous HIGHS @ 158.70.
Comment:
 
Comment:
 
Comment:
 
Comment:
Interested to trade this?
Then let me know :)
Comment:
Slowly but surely, I am coming :)
Comment:
Now is a good time while waiting for it to cross over :)

Good luck.
Comment:
 
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.