CHFJPY has a very low trading volume and liquidity, but it also one my favorites pair in the forex market. it has been giving me a clear buying or selling signal. last week I went long around 108.400 and exited around 111.500. I'm now looking for a short position around 113.500 next week. This pair is sitting in a very strong resistance area we might see a spike down.
What i like the most about this pair is that US dollar has less influence on it, Japanese yen, and Asian stock indexes. Swiss franc Japanese yen rate reflects the interrelation of the leading European and Asian financial centers. Switzerland and Japan are forced to have continuous control over the exchange rate of the national currency, including political and not quite market methods. Both parties regularly conduct currency interventions.
CHFJPY DAILY CHART
Highest: 114.19
Lowest: 113.42
Difference: 0.77
Average: 114.12
Change %: 0.08
CHFJPY WEEKLY CHART
Highest: 114.19
Lowest: 111.88
Difference: 2.31
Average: 114.11
Change %: 1.81
CHFJPY MONTLY CHART
Highest: 114.19
Lowest: 111.88
Difference: 2.31
Average: 114.08
Change %: 1.78
(Charts from Tradingview.com)
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