This is the current trend analysis of the CHF/JPY on the largest time frames. This pair is trending higher on the MN time frame and has broken the 20 year resistance levels. It is at all time highs at the current pricing. If you enter a buy trade in the direction of the trend, trying to set a resistance target is not as simple because you have no visible target on your chart. In this case you can check the EUR/JPY, GBP/JPY, and USD/JPY resistance areas. If several of these pairs start to hit known resistance levels then the CHF/JPY will start to stall and form a resistance level also. Then you can scale out lots and manage the trade better with better profit taking procedures.
CHF/JPY Trend Analysis