Open trading account 
Yen has not been the only currency to benefit from safe haven flows recently. Swiss Franc has appreciated five cents so far this month with USD/CHF closing in the red in seven out of eight trading days. SNB seem to be sidelined for the moment but probably not for long.
In a sharp sell-off, the pair broke below December low (~0.98) before it stalled at the confluence of the declining 2003 - 2015 trendline and 200 DMA. Ascending 2011 - 2015 trendline is the next major target while the broken 0.98 level shall continue to cap upticks.
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In a sharp sell-off, the pair broke below December low (~0.98) before it stalled at the confluence of the declining 2003 - 2015 trendline and 200 DMA. Ascending 2011 - 2015 trendline is the next major target while the broken 0.98 level shall continue to cap upticks.
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