Hey Traders, CHFJPY was trading in an uptrend and then massively managed to break it out due to JPY strength. one of the reason of the Yen strength is the major changes in monetary policy that are expected from BoJ since it didn't changed the monetary policy from a long time since now. and considering that also JPY is considered a safe haven in this type of environment we still expect further strength.
Technically we have noticed a breakout of the uptrend so i will be monitoring a potential retrace of the trend around 145 support and resistance zone.
Feel free to ask any question in the comment section.
Trade safe, Joe.
Technically we have noticed a breakout of the uptrend so i will be monitoring a potential retrace of the trend around 145 support and resistance zone.
Feel free to ask any question in the comment section.
Trade safe, Joe.
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Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.