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Chfjpylong

CHFJPY - Long active ✅Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: As we can see here we are in a bullish market structure, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 142.000. Fundamental analysis: On Thursday 23rd of March we have news events on CHF. As well SNB planned to raise interest rate by 0,5% supported by a Press Conference after the display of the results. The raise of interest rate means strength of currency this could support our bullish price action. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Potential bullish breakout on CHF/JPYThe yen began to correct against its sustained weakness in September, when the MOF (Ministry of Finance) intervened in the currency markets to strengthen the yen. That helped CHF/JPY spent the next three or so months pull back from its highs and retrace against its bullish trend. However, the end of the correction may have been seen around 137, as momentum turned higher at a Fibonacci cluster which includes a long-term 38.2% retracement and 161.8% projection level. Since then, prices have moved higher, built a level of support just above 140 and closed above the 200-day EMA. We also note that Friday’s low respected the 200-day EMA as support. So we’re now on guard for a potential bullish breakout above 143.60, which would also clear the 100-day EMA. A strong inflation report and further hawkish commentary from the SNB could help with such a scenario (as would confirmation of a dovish BOJ governor to replace Kuroda). A break below 140 invalidates the bullish bias.
Long
by CityIndex