CHF/JPY

Quoting Erebus

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You caught me doing my weekly review of the week is why all the replies. I got this breakout (1) of last week's high trade at 1 to 1, with target (2) being the average weekly range, which I see was right at the previous weekly highs also. With better management I could have captured more I guess, oh well. {image}

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Quoting Fx-Blitz

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{quote} we have a double top d1 also in Sxy (chf) in that divergence - not sure if this chfjpy will let me in see what happens next week {image}

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Quoting Erebus

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{quote} If you think that will be enough to turn CHF, think again, and have you been trading long enough to remember (2015) when the SNB removed the peg to the Euro, be careful, or be short I guess {image}

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Quoting Fx-Blitz

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{quote} im gonna b/e this to the gap, if i get in no if buts or maybes

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Quoting Erebus

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{quote} That's the spirit, go big or go home!

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Quoting Fx-Blitz

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see what close is here then might go down 1h {image}

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Quoting Fx-Blitz

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{quote} so it went down flagged - broke upper rail - rejected and diverged from and in high zone, h4 heavy divergence now lined with other tfs - its either going to retest upper flag rail and continue up or down to the zones - h1 upper tl from the flag bottom swing low to high needs to break - slightly more power to bear technically {image}

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Quoting caca997

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I like it at this level, BoJ seems to be signalling that it wont intervene just yet and CHFJPY seems to do well after recent gains have been erased {image}

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Quoting Fx-Blitz

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{quote} if it holds below that zone it should go to next zone, doesnt look like a power reversal here going off tfs an index/ chf and jpy cross check - if it gets to next zone ill probably finish the trade see what happens next week, if it breaks through im going to the gap Sxy looks to be gravitating to its main upper trend channel not quite there Jxy looks like bull has showed up maybe some consolidation before continuation possibly {image} {image} {image}

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Quoting caca997

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JXY looking weak{image} SXY looking like a buy the dip market, with CHFJPY also showing strong technicals{image} CHF is the steadier, structural safe-haven while JPY is the fast-reacting carry-trade unwind currency, and with the market leaning toward a Fed cut and no catalyst for a sudden de-risking, there’s little reason for yen to get a panic bid, which keeps the bias pointed higher for CHFJPY IMO BoJ probably stays sidelined unless USDJPY pushes toward 160, and with only Tokyo CPI on deck Friday, hardly a game-changer, meaning the yen lacks a...

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