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CHFJPY: Waiting for Breakout



CHFJPY is currently trading within a wide horizontal trading range on daily.


For intraday trading opportunities, consider its boundaries as safe places to buy/sell.


To catch a new swing, though, we must wait for the breakout first.


In case of a daily violation of its resistance (daily candle close above), bullish continuation will be expected to 118.5


In case of a bearish breakout (daily candle close below its support), bearish wave will be expected and goal will be 115.3.


Wait for the decision of the market participants and then follow!

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