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** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Yen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence.
With this we can see all the JPY related pairs get impacted.
Wait and watch the day scenario....
Japanese Yen Index is currently on sideways. The price is most likely to consolidate before making a new momentum trend. Whether its upward or downward trend, we have yet to see if the price breaks the key resistance level of 94 (upside movement) or breaks the support level at 92 (downside movement).
‼️Disclaimer: Please be advised that we are NOT Financial...
Key Trading Plan:
1) LONG from the current price with the Take Profit Target at 94.2
2) SHORT if the price breaks the support level of 92.5 with the Take Profit Target of 91.5
The Yen experienced upheaval in late 2017. Foreign industrial orders for cars and durable goods affect the volatility heavily during times of trade. Now is no different, When you have a stronger currency then it implies that stocks will be at more of a bargain. As stock prices gauge the power of a currency. The increasing separation between Topix prices...
