If i see the green support zone break, i will try a short here. I will wait a bit to see if it does not wick back up again. The 5m chart can help with this. Previous analysis:
We can see an aggressive rejection from the high to the current level. At the moment it will probably form a bear flag. I am going to do 2 trades here, a swing trade and a normal day trade. For the entry, i will wait to see it form the bear flag first and for both i will short the first 50% when i see some rejection from the bear flag and make them normal sizes at...
Risk-off phases are often characterised by safe-haven flows running towards CHF and/or JPY. Over the past two years, CHF has provided better upside judging by the way JPY/CHF performed during the period. But having observed the the tight range transition in JPY/CHF this past year, I'm beginning to sense a shift with JPY being the preferred safe-haven of choice....
Base on Fibonacci theory and wave theory, CHF JPY should go down after reaching 61,8% retracement or 78,6%. It will then probably reach 128,00% extension as shown on the chart.