Swissy Yen Poised for Potential Selloff
The setup shows good resistance from a Minor Pivot Stack above current price levels.
Coupled with the Monthly Pivot soon to be released at the end of the session, and there is good probability for further selloff.
Go short on confirmed weakness through today's low around 111.230 and place a stop loss above the Stack at 1.12410.
Shoot for a profit target at 108.740.
Coupled with the Monthly Pivot soon to be released at the end of the session, and there is good probability for further selloff.
Go short on confirmed weakness through today's low around 111.230 and place a stop loss above the Stack at 1.12410.
Shoot for a profit target at 108.740.
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Well, that was a quickie. Does not happen that way very often but always grateful when the market gives us a big and fast win like that.