CHFJPY: Is the high in?
Updated
Starting to see Yen strength materialise, with the BoJ looking to get out of the current cycle.
Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week.
We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down.
Starting this week with the CHF PCI data this Tuesday, expecting to start seeing signs of cuts from the SNB so this could be a cross that moves.
Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week.
We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down.
Starting this week with the CHF PCI data this Tuesday, expecting to start seeing signs of cuts from the SNB so this could be a cross that moves.
Comment
almost there...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.