EUR/CHF - Time to buy some EUR against CHF. We seems to have build a inverted S/H/S bottom, which will be activated upon a break above 121.30 and should spark a rally towards at least 122.30, but we could easily see a much bigger rally towards the 124.50 area.This is a low risk buying opportunity as stops can be placed just below 120 (the Swiss central bank's floor). I will recommend buying here and place the stop just below 120.00
USD/JPY - Is well under way towards its S/H/S target near 82.70. I do think we have an important bottom in place and we will see much higher levels in the future, so 82.70 should just be a minor hurdle on the way higher.
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