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Swiss Franc Eyes Further Upside Against Yen
Technical Sentiment: Bullish Key Takeaways •Higher swing low formed on 61.8% Fibonacci Retracement at 112.11; •CHF/JPY buyers face strong resistance at 113.50; •Possible targets include 114.12 and 114.80. Swiss Franc is showing strong bullish intentions against Yen as short positions unwind at a face pace. Technical Analysis CHF/JPY technical landscape has been very predictable in recent weeks, without any fake signals, at first respecting a bearish configuration and more recently forming a strong reversal pattern. With a relatively light news calendar, we expect traders to act in a foreseeable way during ... (full story)