Fri, 08 Aug 2014 13:16:10 GMT
CHF/JPY 4H Chart: Channel Down
CHF/JPY seems to be trading within a bearish channel right now. The bias to the downside is also reinforced by the technical indicators, especially on the four-hour and weekly time-frames.However, the upside risks are increasing and will peak at 111.50, since the currency pair has nearly completed yet another leg down and is approaching the lower boundary of the pattern.