CHFJPY Trading Range
We all know that the CHF and JPY are risk off currencies, and because they are both strong right now, that is the reason as to why the CHFJPY pair has been in a consolidation range for the past couple days. Although this range could break to either side, my bias is to the upside as the overall long term structure still remain bullish. However, there are no good low risk opportunities right now, It sis better to wait for price to get out of the range, more than likely to the upside, wait for a retracement at a good level that has confluence with structure, and then open long positions. As of right now, it is better to stay on the sidelines.
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