CHF/JPY GA01.03 Down 32% Pips On Hourly Chart, 5 Day Up Streak $34,00 Broken

At the moment, CHF/JPY’s rate is down -3960 pips (-0.42%) from the hour prior. CHF/JPY has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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