CHFJPY Buy opportunity unless the 1D MA50 breaks.

The CHFJPY pair has been on a very strong and steady rise, supported by the 1D MA50 (blue trend-line) since the March 29 break-out. Our last signal was on April 28 (see chart below):


The situation hasn't changed and the trend remains bullish, aiming at a +8.00% extension. Our target is 171.000. If however the pair breaks below the 1D MA50, we will close it and open a sell instead, targeting the 1D MA200 (orange trend-line) at 152.000.

P.S. Notice the Rectangle pattern on the 1D RSI. Since the price broke and remains (to this date) above the 1D MA50, every test of the Rectangle's bottom is a buy opportunity.

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