Due to the Yen's weakness during NFP week, all base currencies were quite bullish
. I believe the narrative will continue for the most part next week. Including, the CHFJPY
. The 4hr chart shows a simple ABCD pattern
forming and the ascending channel
seems to be respected thus far. I am waiting for the pair to reject the 50 or 61.8 level for a buy opportunity for around 70-100 pips to the upside.