USD/CHF fell again for the session on Wednesday as the Federal Reserve has managed to confuse everyone. The pair looks bearish, but there is a de facto floor in it as the EUR/CHF is hovering so close to the 1.20 level. With this in mind, we are looking for potential buys......but don't see them yet.
USD/JPY had a whippy session, actually breaking out above the down trending channel for some part of the session. However, the day ended up fairly unchanged, leaving us with a doji. Selling is going to be hard as there are so many support levels below - so we are hoping for a nice break higher which would be a buy signal on several different fronts.
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