CHFJPY – Will see if I get a long signal

Since last week that the CHFJPY is trading in a clear bullish condition, in fact, most CHF crosses were in a bullish condition (CHF bullish), we’ll have to review each one of them and see if they are still tradable, but for now, I can tell you that the CHFJPY is still a good buy:

  • It clearly broke through an important resistance level
  • The next long term resistance level is still 280 pips from where the market is currently trading

It is currently trading at a short term level where it could give us a long signal. If I find a significant pattern with upward pressure just where it is trading right

now, I’ll go long.

Trade Safe!

Raul Lopez
Forex Education

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 .