CHF/JPY may not be the immediate choice for a speculative trade but, with it displaying such a directional move, we think it’s worthy of a look. We can see on the daily chart that a bullish breakout occurred last week, taking it to a six-month high. Although there were two minor attempts to break 113.26 resistance in July, there was little hesitation on the third attempt before racking up seven consecutive bullish closes. Still, its impulse burst clearly got ahead of itself after stretching beyond the upper Keltner band, although we see this as a temporary issue given the strength of the underlying breakout. What ... (full story)