| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Swiss Franc has been depreciating against the Japanese Yen since the beginning of July after the CHF/JPY currency pair reversed south from the upper boundary of the falling wedge pattern at 110.80.
From a theoretical point of view, it is expected, that some downside potential could prevail in the market, as the pair should target the lower wedge line located in the 106.50/107.00 range.
However, note, that this decline might not be immediate, as the exchange rate is supported by the 200-period SMA (4H Chart) at 109.27. Also, important support level to look out for is located at the 108.00 mark.