Trading Outlook

Chfjpy: daily trading forcost

Breakdown Upper trend line!

Though yesterday, we have had witnessed of buying of this pair, however, in today’s trading ( so far ) the pair has broken down important uptrend line.

Thus we will accompany on this trend could be bit anti-trend trade, however, have a strong retrospect trend line break out the impact.

Preference!

In a nut shell, we view to sell the pair from 111.68 with sl. 11.83 and tp around. 111.19.

On the contrary break up of sl would open the way of 111.93&112.01 respectively.

Please hold stop-loss tightly in order to save your equity from any abrupt move in favoring of buying!