Day two: our CHF/JPY trade

There hasn’t been too much action in the pair, although it is around twenty pips higher from my proposed entry point and came off a high of 114.88.

Looking slightly shorter-term, the hourly chart is fairly compelling for CHF longs here and needs to break supply around 114.80.

I continue to like holding longs as per yesterday’s view and will still look to add when the technical picture becomes even more constructive.

Below is the daily chart of CHF/JPY.

IG Charts

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