Objective Forex: Thursday CHFJPY play

Thursday, July 16, 2015

Thursday CHFJPY play

Welcome back, I hope some of you followed my advice on leaving AUDNZD open a bit longer, as you can see it's traveled up beautifully to 1.13545 when we alerted around 1.10000, that's a LOT of pips and depending on your lot size, a big paycheck. 

Our EURJPY play faded a little after a quick jump up to 136.330. We expected more but any gain is better than none.

For today we have a CHFJPY play as we near a critical support that has provided multiple bounces in the past. Of course support levels are never immovable objects, they are a good indicator of buying levels and pre-set orders.


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