CHF/JPY 4H Chart: Could continue to fall

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The Swiss Franc has been depreciating against the Japanese Yen during the past one month. The currency pair has declined by about 2.11% in value since July 1. 

Most likely, the exchange rate might continue to edge lower during the following trading sessions. The potential target for the pair will be near a support level formed by a swing low at 107.50.

On the other hand, the currency exchange rate might reverse from the current price level at 108.28 and aim for a resistance cluster formed by the 50-, 100– and 200-hour SMAs at 109.53 during next week's trading sessions.

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