Should price action for the USDCHF remain inside the 105.10 to 105.50 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 105.30
• Take Profit Zone: 101.20 – 101.60
• Stop Loss Level: 107.00

Should price action for the USDJPY breakdown below 105.10 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 101.20 – 101.60
• Stop Loss Level: 107.00

Should price action for the USDJPY breakout above 105.50 the following trade set-up is recommended:

• Timeframe D1
• Recommendation: Long Position
• Entry Level: Long Position @ 105.60
• Take Profit Zone: 107.10 – 107.40
• Stop Loss Level: 104.60

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.

You may also be interested in reading the following posts:

• Gold – September 4th 2014
• GBPUSD – September 3rd 2014
• USDCHF – September 2nd 2014
• Interest rate’s influence in the forex market
• ECB speculation adds pressure on euro