After SNB was surprised with a double rate hike last month, CHF has dominated lately. We were closely watching CHF vs JPY charts because the Bank of Japan continued to support their ultra-ease monetary policy, which is still pointing to a bearish Yen.
Technically, we found a nice intra-day breakout of the formed tight consolidation. We Didn't rush with the trade and waited for the impulse to extend, and we can join on the pullback for the successive waves up.
Check USDCAD trade and potential NEW Setup here
The price has reached our first target. We're closely watching if the price gets into a retracement mode down to the 141.90 area to buy again.
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