| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Swiss Franc has declined by 2.58% against the Japanese Yen since September 10. The currency pair tested the lower line of a descending channel pattern at 113.85 during yesterday's trading session.
Currently, the exchange rate is trading near the bottom border of the descending channel pattern and could be set for a breakout.
If the breakout occurs, bearish traders could pressure the CHF/JPY pair towards the 112.00 level during the following trading sessions.
However, if the channel pattern holds, bulls could target the resistance cluster at 115.38 next week.