SelectedAlpha

CHFJPY driven down by diverging intraday CHF and YEN sentiments

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY the top sentiment affected currency pair now – heavily sold due to lying at the intersection of the powerful bearish Swiss Franc sentiment as well as the surging yen sentiment. The pair is currently testing the major support level – lower daily Bollinger Band, which has not been touched for the last 81 trading sessions – which should prompts some of the intraday shorts to take the profits from the current levels.
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