The CHFJPY is the biggest mover in trading today with a gain of 1.41% on the day.
The USDJPY contributed to the gains with a sharp move higher that moved to a topside resistance target in the process (see earlier post and the chart above). The price also tested 2015 highs.
Meanwhile, the USDCHF moved below its 100 hour MA earlier in the North American session (blue line in the chart beloq), and then a swing area at 0.9316 to 0.9319 (see chart below). The break below each, opened the door for further selling (see earlier post here)
Looking at the chart below, the lows from Thursday and Friday of last week both bottomed just above the risk defining 200 hour MAs (green lines). The willing buyers were a positive, and the buyers moved the price higher on Friday. The price moved up to retest the high from Wednesday at 133.281 before settling a little lower into the close.
IN trading today, after a brief dip at the open that held above the rising 100 hour MA (blue line), the price first tested the aforementioned highs from Wednesday/Friday at 133.28, and then pushed above that level to the swing high from March 28 at 1.33549 (high of the yellow area in the chart below).
After another brief pause at the swing area (between 133.26 and 133.549), the yellow area was broken, and the price has been trending to the upside since (see yellow area in the chart below).