Hello Traders!
There's a decrease in momentum in the CHFJPY pair also a recent trend line break.
If risk sentiment is leaning more toward risk off that would favour JPY buyers causing more JPY strength.
I labelled the take profit levels with the stop loss level as well.
I recommend placing a sell limit order around 120.850.
Have a great day!
Best wishes,
Vitez
There's a decrease in momentum in the CHFJPY pair also a recent trend line break.
If risk sentiment is leaning more toward risk off that would favour JPY buyers causing more JPY strength.
I labelled the take profit levels with the stop loss level as well.
I recommend placing a sell limit order around 120.850.
Have a great day!
Best wishes,
Vitez