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Analyzing CHF/JPY.

CHF
Switzerland's economy is on the path to recovery as the SNB's negative interest rate policy is bearing fruits. Swiss Francs status as safe heaven currency keeps the currency overvalued forcing the SNB to intervene in Forex market from time to time. SNB is likely to try to devalue the CHF to some extent further to avoid the CHF from being overvalued.
JPY
Japanese economy is continuing moderate pace of recovery. Government is also putting large investments for the year 2020 Tokyo Olympic Games…
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Uptrend in CHF/JPY to continue.

CHF/JPY was in downtrend from June 2015 to June 2016 when it came down nearly 30% within a year. If we look from June 2016 to October 2016 it has been sideways within a very narrow range of nearly 5 %.
Now it seems to be gathering fresh momentum to rally upwards. In start of November it has broken out of down trending price channel. I think this rally should continue given the backdrop of Fed rate hike looming large.
On daily charts the CHF/JPY has crossed above the 200 DMA which confirms our b…
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