Most Yen crosses, including the CHFJPY still have good profit potential for long trades, most of them are in a bullish market condition:
In the case of the CHFJPY, the market might retrace back to the ST support level (around HOPS1). I’m going to wait for it to retrace back to the ST support level, and look for upward pressure around it.
If it breaks down the HOPS1 level, I will stay on the sidelines.
Tags: CHFJPY Analysis