But CHF/JPY at strong support.

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But CHF/JPY at strong support.Swiss Franc/Japanese YenFX:CHFJPYForexExpats1It's been awhile since a correction in this pair but now it's started, it's time to look at fib retracement levels. There is strong support and the 23.6% Fib retracement slightly below my entry level at 192.50 and this seems an excellent place to buy to push the pair back up to recent highs. I have a wide stop and this trade will be a starter trade, so once in profit I will add to this position. Buy Limit : 192.50 before 23.6% Fib retracement Stop : 190.56 Profit : 195.40 before recent highs Risk 1 : 1.5 / Stop is 194 pips