The Trend of the Day - CHF/JPY

Published August 21st, 2009 - 08:22 GMT
Al Bawaba
Al Bawaba

Swiss Yen May Go Higher




After its multi-day decline, CHF/JPY has found daily support in the 87.14-87.50 area. Look for a pullback to the 87.72 2-hour Fibonacci 61.8% for better Long entries in the direction of the trend. Look to place stops in the 87.12 area for a retest of the 90.00 area in the coming days.