Pending Long USDCHF
The USDCHF has worked its way into an interesting congested area. Upside risks remain capped by 0.96, which coincides with the descending 4H trendline dating back to December 2nd. At the same time, the pair is supported by a rising hourly trend (0.9540). A break below this area warrants concern. All in all, I will look to enter into a long USDCHF position if the pair managed to make a 4 hour close above 0.96. It price action manages to trigger my entry position, I will place my stop at 0.9530; open target.
Meanwhile, my short GBPJPY position from 132.17 was stopped at 131.75 for a slight profit.
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