Wednesday, February 5, 2014

CHFJPY: Hovers Above Secondary Trendline, Awaiting Next Catalyst

I had been anticipating for the range between 113-115.62 to hold and for CHF to appreciate and YPY crosses weaken, but sadly the opposite occurred in light of recent JPY strength. After we broke down through the 113.80 support level it was done with gusto. Due to the momentum in



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