At this moment, 200 MA in 1 hr chart have been tested two time, a downward breakout might happen and testing of 111.50 area . A retractment to 109.58(0.382 ) from the post US-election rally can not be ruled out, too. Option barrier was seen at 114.98 and 115.56, means the upside potential is limited.
From April 2002 to August 2014, USDCHF is trading below the 200 week moving average . since 2014, it is trading above the 200 w moving average and the bollinger band width is tightened. this is a setup for a breakout and I will suggest an upside breakout. USDCHF have already reject to go futher south in two event EURCHF Floor Setup and Abandon event. At this...
From April 2002 to August 2014, USDJPY is trading below the 200 week moving average. since 2014, it is trading above the 200 w moving average and the bollinger band width is tightened. this is a setup for a breakout and I will suggest an upside breakout. USDCHF have already reject to go futher south in two event EURCHF Floor Setup and Abandon event. At this moment...