| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Swiss Franc has declined by 170 pips or 1.48% against the Japanese Yen since last week's trading sessions. The currency pair breached the lower boundary of an ascending channel pattern on June 18.
Given that the exchange rate has breached the ascending channel, bearish traders could continue to pressure the CHF/JPY pair lower during the following trading sessions.
However, a support level formed by the weekly S1 at 112.11 could provide support for the currency exchange rate within this week's trading sessions.