A big Bull run going to happen
After 4 years, CHFJPY is breaking this multi-year resistance level in the weekly timeframe chart.
A big move is expected soon on CHFJPY.
Hold the CHFJPY for the long term.
In the 4-hour timeframe chart, CHFJPY has broken the resistance level after a long time.
US Dollar posted a more substantial gain against the Japanese yen after CB consumer confidence rose to 121.7 in April from 109 in March.
Bank of Japan left interest rates unchanged at -0.1% and cut its consumer inflation forecast to 0.1% from earlier predictions of 0.5%.
And Retail sales increased by 5.2% on YoY, but inflation overcomes these numbers.
Japanese Government concentrate on Businesses to close to avoid the spread of Covid-19 and put down more restrictions in Tokyo, Osaka.
Japanese yen hurt more against Major currency pairs like US Dollar, GBP, EUR, CHF, AUD and NZD dollar.
We are expecting a very big bull move on CHFJPY soon.
Reason: CHFJPY market has broken the Multi-year resistance level after 4 years.
Catch this big bull now to hold your profits for the long term.
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