FOREX Trade of the Day: Sell CHF/JPY

Our YouTube video illustrates today's FOREX Trade of the Day and identifies further downside targets.

Today's FOREX Trade of the Day was a short CHF/JPY position.

Sell:  113.46
Buy: 113.08

Notional Intraday Profit: +38 pips

Today's intraday High of 113.47 was right around the 23.6% retracement level of the 2013 High through the 2014 Low, rendering the retracement level a profitable Entry Sell level.

Today's intraday Low of 113.08 was right around the 76.4% retracement level of the August Low through the September High, rendering the retracement level a profitable Exit Buy level.

Further downside targets include 112.56, 111.87, and 109.53.


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