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Friday, June 30, 2017

CHF/JPY: Another Pressure for Japanese Yen?

Japanese Yen has been under pressure especially against US Dollar. Now technically, we can see another chance for this currency to be under pressure against Swiss Franc

117.163 will be pivot level for today. Shall the pair succeed to break above the level then the next attempts would be to break 117.367 which is considered to be strong Resistance Level for the moment.

As seen in the following picture, CHF/JPY is trying to reach the yellow zone. 

Today I am opening a long position and looking forward to exiting the market at below 117.367.

However, shall CHF/JPY moves in between 116.788 and 116.482 then I might try to exit the market sooner that expected.