| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇓ | ⇒ | ⇒ |
The Swiss Franc is trading in an ascending channel against the Yen. This formation started in late June; however, it has already provided three confirmations on each side. The latest confirmation occurred in this session when the rate bounced off the 200-hour SMA circa 117.70. However, the rate was unable to sustain its upward movement and fell below this level. Thus, two scenarios are possible. First, the channel may still hold for the upcoming trading days, reinforced by weakening bearish indicators, as well as oscillators being in the oversold area. The closest resistance is therefore set by the aforementioned 200-hour SMA, while a more important barrier could be the five-month high at 118.53. Second, the given breakout may be sustainable, thus setting the rate for a decline.