CHF/JPY 4H Chart: Reveals narrow channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇗⇒

[ANNOUNCE]The Swiss Franc has edged higher by 1.18% against the Japanese Yen since April 1. The currency pair revealed a narrow ascending channel pattern during this week's trading sessions.[/ANNOUNCE]

As for the near future, the exchange rate could continue to surge in the narrow ascending channel. The potential target for the CHF/JPY pair will be near the 119.00 level.

However, the weekly R2 at 118.36 could provide resistance for the currency exchange rate in the shorter term.

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