CHFJPY, which Safe Haven currency will be stronger?Hi Traders,
With the on going situation happening between Russia and Ukraine, investors seem to be turning to safe haven currencies as tensions escalate. Looking at the current price action, we can still see many bearish developments with indication more downside is possible. We may get another touch at the top of the ascending channel that price is currently moving within, however we may start to drop as JPY seems to be gaining momentum as this past week closed off.
Be patient and follow your trading plan, don't get trapped in the corrective phase.
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Trade safe!
