has made steady progress north for the last 24 hours but has now hit the top of the existing channel. With RSI
readings becoming stretched, the signs are that this channel may hold the price and we'll see a move south. USD/JPY
has sold off steadily for the last 2 hours and possibly USD/CHF
will try and catch up. I'm in at .9759 with a STOP
above the channel at .9780 and a TAKE PROFIT at .9700. As ever I'll lock in a break even trade if we drop 25 pips.