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12.10.202112:58 Forex Analysis & Reviews: Trading idea for CAD/JPY and CHF/JPY

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Although the recent rally in USD / JPY is a pot of gold, not everyone was able to participate in it. But traders can still take chances on the CAD / JPY and CHF / JPY pairs.

CAD / JPY:

Exchange Rates 12.10.2021 analysis

CHF / JPY:

Exchange Rates 12.10.2021 analysis

Since both pairs are near their yearly highs, traders can place sell limits in an increment of 500 pips. The volume should be 0.01 standard lot for each $ 1000 of the deposit.

This analysis is based on "Grid trading."

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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