CHFJPY - Daily - Battle of the safe-havens
Trade Alert
This could be good. It looks like CHF is preparing for an advance move against JPY. If the pair clears the 112.65 level, this could lead to further declines. For a more conservative trader, a break above the 113.65 could be that gateway to higher levels.
On the downside, keep monitoring the 111.55 area, a break of which, could set the stage for a move lower.
Please see the chart for levels.
Don't forget your SL.
This could be good. It looks like CHF is preparing for an advance move against JPY. If the pair clears the 112.65 level, this could lead to further declines. For a more conservative trader, a break above the 113.65 could be that gateway to higher levels.
On the downside, keep monitoring the 111.55 area, a break of which, could set the stage for a move lower.
Please see the chart for levels.
Don't forget your SL.