- This pair has been ranging in between the symmetrical triangle pattern since the begining of May
- Clear break & retest with bullish reaction to retest the gives me confidence in the CHF's strength against the JPY
- 10 + 50EMA has had a bullish crossover and are both sloping upwards showing potential bullish bias
- JXY Japanese Index has been indicating weakness for the whole week, lets while SXY Swiss Franc Index gaining bullish momentum
- Wait for price action to see how this fairs out!
Note
Trade closed: target reached
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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.