CHF/JPY 4H Chart: Ascending channels holds

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate ⇒ ⇗ ⇒

[ANNOUNCE]The Swiss Franc has been constrained by a junior ascending channel against the Japanese Yen since the end of June.[/ANNOUNCE] The bottom border of the junior channel was reached on June 28 and the currency pair has since maintained trading along the channel.  

During the past few days, the 55-hour simple moving average has guided the exchange rate higher towards the upper boundary of a dominant descending pattern.

Everything being equal, it is likely that the CHF/JPY currency exchange rate continue moving in the ascending channel until the dominant channel is breached. 

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