Price has been respecting its 4 hour bullish trend line. We have had two selling off phases which have resulted in another leg higher. Providing this trend line is not broken, we can look to trade this pair to the key level of 118.55 which was the last turning point on the Daily Chart. This is a case of follow the trend. 1% risk and 4% return.
I agree with your bullish view on CHFJPY. Our trading signal idea is also of the same bias. We have found roughly support level at 116.59 which is also a horiozntal pulllback support.
Additionally, Ichimoku cloud is also showing signs of bullish pressure, which backs up our bias.
Additionally, Ichimoku cloud is also showing signs of bullish pressure, which backs up our bias.
Glad to see that we have the same bias for CHFJPY