The Same 6 Questions Need Answering

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Will Duxon
Will Duxon added a new post
2 years ago

USDCHF is the second foreign currency pair fulfilling recently defined parameters required to transition it to an opposite category, but this pair is of particular interest to me in that the overall trend is so decidedly bearish I find it hard to imagine this current trip north can last for any significant amount of time.

On Monday morning, at about 4:45 AM Pacific Time, USDJPY also transitioned to an opposite category while priced somewhere between 111.09 and 111.17. So far it has dropped as low as 111.03 so at this point it would have required a minimum of 15 pips breathing room.

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