The Pair is trading in a upper channel at higher level. Breakout in any direction would be an opportunity to enter. Breakout on the upside need to be followed by the RSI, if the RSI is not following the price move and any divergence is seen it would be advise not to enter the position.

A breakout on the downside is more favorable in rising channel. The Pair is trading above the 50 and 200 day EMA which indicates positive direction. If the breakout is on the downside, taking a short position would be advise.

CNH/JPY

Mar 03 2022