فصل 22 Is CHFJPY keep up?
30/03/2023
Summary
Japan's unemployment rates lead the market
Fundamental analysis
Fundamentally on this pair of CHFJPY, Tomorrow we have high-impact news on this pair of Unemployment rates in Japan with the same expectation as the previous month which will give weakness for the Japanese yen on the other hand We have high-impact news in Switzerland's economic leading indicator and retail sales with positive expectation.
Japan Unemployment Rate
Previous 2.4%
Expected 2.4%
Switzerland KOF Economic Leading Indicator
Previous 100
Expected 100.8
Switzerland Actual Retail Sales YoY
Previous -2.2%
Expected —------
Technical analysis
In this 4-hour diagram chart, the market price now is 144.875, we expect the market to push down the price to the previous demand zone at 144.000 and then we expect the price to create a new lower high at this demand zone and then we expect the price to push high to the oldest supply zone at 147.300 with 20 moving averages pointing down.
Trading Recommendation
Trading Direction: Long
Entry Price:144.145
Target Price:146.416
Stop Loss: 142.996
