CHJPY perspective (Long Bias)

5 May 2018

I have had a long signal for this pair since last week but obviously it kept going down down and it didn't pan out. I have had to now simply look at the levels from the weekly bird's eye view. This is my hypothesis of the possible turning points and levels of interest if a rally will materialize.

12 May 2018

Not

What a week, CHFJPY neither went down nor aggressively went up. All the same a flimsy buy signal. If my pattern above is to hold it will have to turn back down again at around 111.000. View from lower timeframe.