© Dukascopy Bank SA
Already twice the pair has exited the pattern's trading range and by doing that it is showing some signs of willingness to break the pattern to the down-side. However, at the same time the 4H and daily technical studies are pointing to the north. It will be important whether the daily and weekly PPs at 122.17/07 will hold the selling pressure. In our opinion the levels might be breached due to the fact that as many as 71.87% of the SWFX market participants expect the Swissy to underperform relative to the Yen.
© Dukascopy Bank SA