CHF/JPY trades at 2015 levels

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


In 2022, the CHF/JPY currency exchange rate trades at 2015 levels, as the pair has been surging in a massive channel up pattern since the middle of 2019. However, during the first months of 2022, the pair has been consolidating by trading sideways. Dukascopy Analytics have marked notable zones of support and resistance, which can be used for long term guidance.

In February, the pair traded between the support of the 124.00 level and the 125.50 mark. Namely, there are support and resistance zones that surround these round exchange rate levels.

A potential surge above the 125.50 mark could aim at the 2022 high level zone that is located near the 127.00 mark. On the other hand, a potential decline below 124.00 might look for support in the 200-day simple moving average near 122.50 and the 2021 November and December low level zone at 122.15/122.45.
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