CHF/JPY
The Swiss franc – Japanese yen pair is facing its weekly resistance, but their path to the upside is very difficult because it about 0.9500 is a strong resistance ,signaling a sell opportunity in a short position with great potential for a drop of, at the minimum, 250 points, For the most part, the franc – yen pair is traded with a positive correlation to financial markets so that the continuation of the current wave of drops is expected to negatively influence the pair.
Our short term objective we can locate around of the first monthly support 91.20 and in the long term, the second monthly support around 89.00 yens per Swiss franc. It is important to point out that the short opportunity mentioned above is based on a strong negative deviation on the MACD index and the negative sentiment that has been the order of the day for the markets recently.
