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CHF/JPY Could make a move higher


We had a buy signal at 120.65, although flat so far, the price remains above the 50 & 200 ma. Good enough for us to take position and get ready. Support, as you can see, is at 120.11.



EUR/USD has a similar setup. Price remains above the 200 ma ( red line) now sitting on 1.1850.

The blue line represents the 50 ma, the price is above both, and we have a buy signal, likely to go higher. But we have NFP this week. So going back to the beach.

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