The daily charts of CHFJPY, EURJPY, and GBPJPY are behaving similarly. Their prices are now well below SMA 20, which suggests to me that they are now in a down trend. The overall strength of Japanese Yen and the prevailing bad economics in the Eurozone and the UK further support my opinion that these currency pairs will continue to go down.

I am putting stop sell orders at the next 000 levels with 100 PIP stop loss 200 PIP take profit. I believe the TP targets are reasonable
since it’s only the beginning of the week and they are well within these currency pairs’ weekly range.
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