| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Swiss Franc has edged higher by 290 pips or 2.67% against the Japanese Yen since May 7. The currency pair breached the 111.65 area during yesterday's trading sessions.
Everything being equal, buyers could continue to pressure the CHF/JPY exchange rate higher during the following trading sessions. The possible target would be at the 113.00 level.
However, bullish traders could encounter a psychological technical barrier at the 112.00 mark in the nearest future.