People,
Again interesting cross:
Strong vs Stronger ;)
CHF: We saw last 2 weeks a lot of CHF buying out of G7. About 2 percent gain. Today the market started to sell CHF, which is seen nice on G7 matrics. It was sold 0,22%. Maybe some further weakness expected on this currency.
JPY: Mayor gains seen 1 week ago on G7 - up 1,91% ag G7 for JPY morning Sun. Well, further strenght seen also on this currency. Today we saw lots of JPY buying-start of the week up 0,49%.
CHFJPY: Last twoo weeks we saw fundamental change in gains on this cross. This and last week the cross were down fo 0,60%. 3 Weeks ago it went up 3,0%.
TECHNICALLY: We saw a nice upward trend in last few weeks but a strong resistance at 93,60 level. We have also a strong support at 92,50 level. If this one breaks we could see further weakness of this trend.
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