Potential short on CHFJPY if we see a break and retest of the 112.60 level. will drop below the 100 day EMA which further indicates a possible short. Will be keeping an eye out over the next few days, keep in mind the current volatility of the CHF pairs due to the SNB announcements.
Price is approaching a strong resistance level formed by a previous swing high. Would like to see the band start coming down to meet the candlesticks or for price to spike up, hit the band and then form a signal to get short. Stay frosty!