CHFJPY – I’m looking for long opportunities

Written by Raul Lopez on . Posted in Trades & Analysis.

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

CHFJPY Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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