CHFJPY Crucial Analysis, SNB Eases Rates

Hey Traders,

The Swiss National Bank eased today from 1.75 % to 1.5%.

This has dropped the value of the CHF VS JPY significantly as cash flows out of the CHF and into alternative cash holdings.

This is crucial to look at, as central bank decisions will always form the basis for long term moves, especially now you have the BOJ going towards rate normalization.

SNB also stated they may intervene. When you have one Central Bank dropping rates and one considering raising them, it is always a great recipe.

Watch to learn.

Commento:

Lock in gains.

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Maintaining short long term bias on CHFJPY into next trading week.

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And further into this week. New entries LIGHT taken.

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Lock in further gains on falls.

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Gains Locked In. Weak PA areas less likely to hold.

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Gains closed, Tiny re shorts on push back up to key early MA's (Lower TFs).

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Re-shorts ideal.

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Total Long Exit on Rebound as demonstrated^ If you do want to take early light shorts within cont downtrend, this is fine (must be light)