| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Swiss Franc has been trading bullish against the Japanese Yen since the end of November. The currency pair has edged higher by 2.70% in value during this period.
Everything being equal, the CHF/JPY exchange rate will most likely continue to appreciate in the ascending channel pattern. The pair could hit a one-year high at 112.95 during the following trading session.
However, the currency exchange rate might make a brief pullback towards a support cluster formed by the 50– hour simple moving average and the combination of the weekly pivot point and the monthly R2 at 110.85 within next week's trading sessions.