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
now, I’ll go long.
Tags: CHFJPY Analysis