| 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 | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Swiss Franc has surged by 135 pips or 1.16% against the Japanese Yen since the end of December. The currency pair tested the 117.60 level during last week's trading sessions.
The exchange rate is currently trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the channel pattern holds, bullish traders are likely to continue to pressure the CHF/JPY pair higher during the following trading sessions.
However, if the breakout occurs, a decline towards the 116.20 area could be expected during next week's trading sessions.