CHF/JPY - Continuation of the downtrend?

Short

Swiss Franc / Japanese Yen (FX:CHFJPY)

Updated

FX:CHFJPY Swiss Franc / Japanese Yen

chf jpy swiss swissfranc yen dollar GBP USD money pips Forex fx

chf jpy swiss swissfranc yen dollar gbp usd money pips forex fx

Will be looking to take a short position on CHF/JPY based on the following reasons:

- Previous support has now become resistance (108)
- Failure to break past 0.618 fib levell
- Bounce of 50 EMA

Trade safe

Trade closed: stop reached:

Market reminded me that I am her bitch!

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