The pair climbs to a high of 1.1787 on the day
That's the highest level since January when the upwards trendline broke.
The pair recently found support at the 100-day MA - but also surely from a certain central bank that myself and Mike have been preaching for many a time now - and since then has bounced back rather strongly.
Technically there isn't anything to get in the way of the pair from testing the year's high of 1.1833 again, but the 1.1800 level will act as the next level of resistance - psychological level.
Although the SNB relishes for the swissie to weaken further, the market is no one-way street. But the fact that the swissie and yen are desensitised from the moves in the stock market today will surely give Jordan & co some relief.
