ProForex101
New Member
Looking at CHFJPY pair for a buy on the blue zone. Nice support resistance area present and is also a 50% retrace on Fibonacci. If markets react and show signs of heading long it would be a great trade to be on.
Also some important fundamentals to keep an eye out on. Major indicator is the year on year Retail Sales data to be release on Monday for Switzerland. Also some minor impacting indicators are PMI for the month of Jan. For Japan 10 year Bond auction data and Monitory Base are some minor indicators to keep an eye on. We should be looking out for bullish sentiment on CHF and bearish sentiment on Japanese Yen.
Trade could take a couple 1 to 2 business days to setup depending on how the turn around plays out.
Also some important fundamentals to keep an eye out on. Major indicator is the year on year Retail Sales data to be release on Monday for Switzerland. Also some minor impacting indicators are PMI for the month of Jan. For Japan 10 year Bond auction data and Monitory Base are some minor indicators to keep an eye on. We should be looking out for bullish sentiment on CHF and bearish sentiment on Japanese Yen.
Trade could take a couple 1 to 2 business days to setup depending on how the turn around plays out.
