Swiss Franc - Japanese Yen, Bullish halt Questionable.

23. Juni 2019

CHFJPY

As you can see, the Swiss-JPY pair is trading with a sustainable amount of bullish pressure on the weekly and monthly time frames, however, experiencing difficulty so far at resistance between the range of 109.-110. We all know the important of Safe Havens, especially during times of Economic turbulence. One scenario being brought forward is this: Right now investors are seeking to mitigate financial risk right now, this could be a reason for the strong bullish momentum we're witnessing on the higher timeframes. However, the possibility exists that intra-day traders can look forward to some sells; Let's see.