Jpy Pairs will be interesting this week. Chf/Jpy on the daily chart is under the 200 Day Moving Average which means that the trend is down.
Price shot up but begin to stall out at a area that had many rejections in the past. Price then began to move down but then the market closed before it could move down any more.
I would sell and take profits around fib levels just in case the down move does not go all the way down... (Even though we are under the 200 day moving average)
Price shot up but begin to stall out at a area that had many rejections in the past. Price then began to move down but then the market closed before it could move down any more.
I would sell and take profits around fib levels just in case the down move does not go all the way down... (Even though we are under the 200 day moving average)