The CHF JPY is in uptrend, moving above strong monthly resistance , and we pass the point where we can say the price may continue to go up without a pullback( i am talking about the last couple of days when price kept going up ) , technically and fundamentaly the pullback will start this monday when market is open, the client sentiment is mostly bearish but that doesn't always mean that price will continue go up
Buy trade is more dangerous than sell at these areas
Expectations :
Bearish to 144.00 then either continue down or mostly go bullish again to 152.00
Buy trade is more dangerous than sell at these areas
Expectations :
Bearish to 144.00 then either continue down or mostly go bullish again to 152.00
Note
Data shows there is thousands of long positions on swiss frank currency closed on Friday while the close of sell positions was way too less than long positions , and this by it is own is bearish for swiss frank
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.