Forex Market Anticipates the Release of U.S. Unemployment Claims

CHF/JPY:

The latest downward movement on this pair has given traders two distinct signals for a bullish correction later today. The first is a bullish cross on the 1 hour Slow Stochastic, suggesting a upward movement is imminent. The second is a fresh doji candlestick formation on the 4-hour chart, which typically signals a reversal is in the making. Entering long positions as soon as possible may help forex traders capture decent profits.