CHF/JPY Long Term

9 May 2017

Yet another long term play. As we can see, structure is broken and is making a retest which can follow a long move down. Ideally I would wait until a 61.8 retracement touch, but the box drawn indicates an area of interest for entry. It is quite possible that this pair can continue to make a move upwards since the break of structure was necessarily strong enough in my books, but we shall see..