CHF/JPY: how to trade in a range

CHF/JPY: how to trade in a range

Trade idea

BUY 110.90; TP 111.80; SL 110.65

CHF/JPY has been consolidating within a pennant formation since February. The pair is currently at the support levels. Stochastic Oscillator on H4 shows that it’s oversold. As a result, it’s possible to expect the CAD turn higher aiming at the top of the trading range around 111.80/90.

CHFJPY h4.png

Similar

USD/CAD has rebounded

The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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