| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Upside risks have continued to dominate the Swiss Franc against the Japanese Yen. The currency pair has surged by 183 pips or 1.59% during this week's trading sessions. A breakout occurred through the upper boundary of an ascending channel pattern on August 12.
Given that a breakout had occurred, the CHF/JPY exchange rate will most likely continue to trend bullish during next week's sessions.
However, the resistance level at 117.50 could provide resistance for the currency exchange rate in the shorter term.