malcolmlai

malcolmlai Updated 

Price has crossed the major resistance level on the daily. It may be a falseout however, should the price continue to go bullish we can expect a retest at the major level to call a long position.

malcolmlai

As we can see it has fallen below the 50 Exponential Moving Average and it is currently still above the 200 EMA. My thoughts as follows: The price may push itself to the major resistance level marked in grey before pulling back to the downside. Until then, I will not be executing any trades as it is still unclear. What are your thoughts on the Swiss-Yen Hourly?...