Probably not a pair many follow that frequently (I don’t either), but as CitiFX noted earlier, CHF/JPY is at the highest level since 1982. Quite a breakout, isn’t it?
The Gold referendum on November 30th is very likely to fail and once we have that behind us, I’d expect to see renewed CHF weakness across the board. However, in the crosses, I would prefer buying GBP/CHF rather than selling CHF/JPY, as it is difficult to fight the JPY uptrend right now.
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