CHF/JPY 4H: Could edge higher

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The Swiss Franc is gradually edging higher in a narrow ascending channel pattern against the Japanese Yen. The currency pair has surged by 2.18% since the middle of June. 

All things being equal, the CHF/JPY exchange rate could continue to surge in the narrow ascending channel pattern. Bullish traders could target the 115.40 level during the following trading sessions. 

However, the weekly resistance level at 114.80 could provide resistance for the currency exchange rate within this week's trading sessions.

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