Last night was a bad move and 55 pips were lost. I personally don't like the short term movement in the JPY crosses in the last day or so and it seems that were currently stuck in the middle of the range. I am noticing signs of weaknss in the USD and it looks ready for drop.
I have sold 0.9969 with a TP 0.9877 and SL 1.0020
USD/CHF looks like like one of the better pairs technically and fundamentally. We are very close to the weekly 23.6 Fib around 1.0000. with the RSI in oversold territory and the 100EMA miles above. That's just the weekly.
The daily, 4 hour and 1 hour shows the price is close to the top it's range and RSI are looking ready to fall.
I will apply a 40 pip trail due to trend line support in 0.9925 zone.
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