Hello traders.
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Here's why..
CHF Pairs:
AUDCHF -0.14%
CADCHF -0.22%
NZDCHF -0.01%
EURCHF -0.15%
GBPCHF -0.06%
USDCHF -0.10%
CHFJPY +0.23%
JPY Pairs:
USDJPY +0.13%
EURJPY +0.09%
GBPJPY +0.21%
AUDJPY +0.09%
CHFJPY +0.24%
NZDJPY +0.22%
CADJPY +0.00%
As always, use stops and manage your position for the duration of the trade.
Good luck and feel free to share with me your views on the CHF/JPY pair.
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Here's why..
CHF Pairs:
AUDCHF -0.14%
CADCHF -0.22%
NZDCHF -0.01%
EURCHF -0.15%
GBPCHF -0.06%
USDCHF -0.10%
CHFJPY +0.23%
JPY Pairs:
USDJPY +0.13%
EURJPY +0.09%
GBPJPY +0.21%
AUDJPY +0.09%
CHFJPY +0.24%
NZDJPY +0.22%
CADJPY +0.00%
As always, use stops and manage your position for the duration of the trade.
Good luck and feel free to share with me your views on the CHF/JPY pair.