Current Bias
- Neutral with a good range in place
Thoughts on this pair
- Looking ahead, I believe that JPY will be the next major currency to move (In my opinion it's going to be earlier than CHF). That said, technically it remains range bound until further confirmation and I wouldn't want to jump the gun before things fall in place.
So at this moment, I would recommend to sit tight and wait for the chart to cue us. This pair has potential for a good sell and one shouldn't limit his/her pair choices to the commonly played currency pairs.
Good luck and have fun!
- Neutral with a good range in place
Thoughts on this pair
- Looking ahead, I believe that JPY will be the next major currency to move (In my opinion it's going to be earlier than CHF). That said, technically it remains range bound until further confirmation and I wouldn't want to jump the gun before things fall in place.
So at this moment, I would recommend to sit tight and wait for the chart to cue us. This pair has potential for a good sell and one shouldn't limit his/her pair choices to the commonly played currency pairs.
Good luck and have fun!