| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Neutral | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE]The Swiss Franc has been depreciating against the Japanese Yen in a narrow descending channel since the middle of September. This gradual decline in price began when the currency pair reversed from the upper boundary of a long-term ascending channel at 117.96 on September 24.[/ANNOUNCE]
The exchange rate breached the upper boundary of the narrow descending channel at 112.61 during the first part of Wednesday's trading session. The common situation would be a surge towards the monthly pivot point at 113.80.
However, technical indicators suggest that this scenario might not be immediate, as the currency exchange rate could face a resistance cluster formed by the 100-hour simple moving average and the weekly R1 at 113.26.