Tue, 24 Jun 2014 07:20:50 GMT
CHF/JPY 1H Chart: Channel Up
Right now CHF/JPY is recovering after a plunge seen earlier this month, from 115 down to 113. Considering the pair is currently fluctuating between two parallel trend-lines and it has recently gained a foothold above the 200-hour SMA, the Franc is likely to negate the recent losses eventually. However, judging by the indicators, the pair's prospects are not as bright