CHFJPY | COULD BE A GOOD BUYING OPPORTUNITY
Hey Traders! 👋
I believe we have a good chance to re-test previous area of resistance or the top of the current lower timeframe downtrend, if broken we will see this trade to re-test the previous monthly pivot point.
Both currencies are in a 52 week low against the dollar in the futures markets, I still think the CHF is the better safe haven so likely it will continue its upwards momentum for now. 📈✅
I believe we have a good chance to re-test previous area of resistance or the top of the current lower timeframe downtrend, if broken we will see this trade to re-test the previous monthly pivot point.
Both currencies are in a 52 week low against the dollar in the futures markets, I still think the CHF is the better safe haven so likely it will continue its upwards momentum for now. 📈✅