CHFJPY - Continuation trade
- CHF is strong at the moment and the JPY is weakening across most pairs
- We expect the trend to continue in favour of the Swiss franc (CHF)
- We can see a break of an inside bar formation last week (White lines) as well as a bullish pin bar (Green arrow).
- We are targeting the historical resistance at 118.000 for our take profit
- This will yield at least a 2:1 risk reward.
- We expect the trend to continue in favour of the Swiss franc (CHF)
- We can see a break of an inside bar formation last week (White lines) as well as a bullish pin bar (Green arrow).
- We are targeting the historical resistance at 118.000 for our take profit
- This will yield at least a 2:1 risk reward.
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