Morning roundup CHF/JPY in focus as we highlight exhaustion [Video]
|Good morning. Downward pressure in Asia has seen a risk off theme this morning with the USD, CHF and JPY moving higher. However, the USD basket highlights that this could be limited.
CHFJPY is my Trade of The Day with bespoke support between 117.70 and 117.63. The single currency charts highlight an upward bias for this cross. Looking at CHFJPY from a technical viewpoint, we are close to weekly support and have completed a daily bullish Butterfly.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.