CHFJPY: A move above the pattern can push CHFJPY up again
All the JPY pairs declined aggressively after the market was speculating about a possible rate cut by the FED.
However the JPY strength is related more with the BOJ actions rather than FED.
Technical analysis:
PRice is moving inside a triangle pattern.
A move of the price above the pattern should push it up again as it is showing on the chart.
ONLY BOJ can push the price down again or FED. But FeD has a limited move as we can see.
Thank you and Good Luck
All the JPY pairs declined aggressively after the market was speculating about a possible rate cut by the FED.
However the JPY strength is related more with the BOJ actions rather than FED.
Technical analysis:
PRice is moving inside a triangle pattern.
A move of the price above the pattern should push it up again as it is showing on the chart.
ONLY BOJ can push the price down again or FED. But FeD has a limited move as we can see.
Thank you and Good Luck
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.