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Osiris992
Mar 25, 2024 6:11 AM

CHFJPY MARCH WEEK 5 OUTLOOK -  

Swiss Franc/Japanese YenFXCM

Description


Daily - bearish bias held. it looks extended, so we can expect a pullback here.
Origin - asset will be bearish if price holds below** 168.663 - 169.042**. if it sustains above this zone, we can expect that pullback to continue. COT data does suggest neutral behavior but short contracts on JPY far outweigh CHF. so the pullback thesis works on that level as well.
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