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

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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 .