As we mentioned on a previous post, its possible that CHF crosses are being used as a reserve currency, the CHF its going up against almost all its crosses, including the CHFJPY.

The CHFJPY its trading in a very clear bullish condition, what I like the most about this one is that the next long term resistance level is at 104.81, so there is a long way to go before we hit that level, giving us opportunities to get a good risk-reward ratio on the trade:

As long as the CHFJPY trades above 99.13 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Course