marihnjo's Blog

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CHF/JPY

The CHF/JPY pair is one that I love trading. It’s because it’s more or less a “slow-motion” type of trade, thereby is a very low .
Now that we are approaching this trend line that is drawn on this hourly chart, I believe that we should see appreciation of the Swiss franc
against the Japanese yen. With that, I believe it shows that we should
see Japanese yen weakness overall. On top of that, this may be a
nice investment as the slow grind should bring guests back to the 117
region by the end of t…
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Fundamental Forecast for Euro: Neutral

A Euro recovery against the US Dollar has been interrupted at falling trend line resistance near the 1.36
figure. The barrier is now at 1.3632, with a break above that targeting
the 1.3676-89 area marked by the June 6 high and the 38.2% Fibonacci
retracement. Alternatively, a turn below resistance-turned-support at
1.3585, the May 29 low, clears a path to the 1.3476-1.3502 zone
bracketed by the February 3 and June 5 bottoms. I'm expecting Euro to gain against Dollar. My prediction is : Buy at…
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