CHFJPY Massive Bull Run

CHFJPY has created stable momentum to the upside. A break to the upside will occur today and stop (@111.40). The rejection of the H4 resistance will bring a retrace back (@110.60). That will be a new support zone and a great opportunity for bulls to secure positions for the long run. We can expect a take profit at the 115 and higher. It's safe to say the Swissy will gain massive strength.

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Kommentar:

Partial profits can be secured, we can now expect a rejection off of the H4 resistance before continuation. The retrace is merely a correction on the Daily and Weekly time frame.

Kommentar:

250 pips secured to date on this trade. Enjoy your profits.