Head of Editorial Content, Saxo Bank
Summary: Saxo's Trade Signals tool has identified a potential break through resistance to the upside in CHFJPY. Here, we take a look at the signal provided, as well as the parameters of the potential trade.
Saxo's Trade Signals tool has identified a potential upside break out of a falling wedge formation in the relatively low-profile CHFJPY pair. The tool gives a probability of 66% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.