On CHFJPY, we have a bearish setup with a price that has reached the 158.40 zone within a weekly supply zone. In this area, it has created a confirmed short setup supported by strong volumes. The short trade objective is around 156.90, where we have high volumes within a demand zone. The yen, which has been weak in recent weeks, could rebound due to upcoming macroeconomic data on Wednesday and Friday. Greetings from Nicola, CEO of Orex48 Trading Academy. If you'd like, please leave a like and share your opinion. We would be grateful.
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.