CHFJPY - Bullish Bias

CHF - BULLISH
1️⃣ The CHF benefited as the coronavirus pandemic continues to have a strong adverse effect on the economy.

JPY - BEARISH
1️⃣ Tokyo confirmed Sunday 313 new Covid-19 cases amid growing signs of a rebound in infections also in other areas, after a state of emergency ended throughout Japan almost a week ago.

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Technical
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We are looking to buy the CHFJPY at support + above SMA 50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.