CHF - BULLISH
1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots.
JPY - BEARISH
1️⃣ Positive risk tone weighing on the JPY.
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Technical
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- We are buying the CHFJPY at support + above SMA 50 on the M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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- Risk-off tone could support the JPY.
1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots.
JPY - BEARISH
1️⃣ Positive risk tone weighing on the JPY.
=====
Technical
=====
- We are buying the CHFJPY at support + above SMA 50 on the M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
- Risk-off tone could support the JPY.
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