The Swiss Franc has depreciated about 0.75% in value against the Japanese Yen since this week’s trading sessions. The currency pair breached the 200– period simple moving average at 109.43 on Friday morning.
All things being equal, the CHF/JPY currency exchange rate will likely aim for a support cluster formed by the combination of the weekly S2 and the monthly pivot point at the 108.87 area.
Most likely, an upside reversal could occur from the support cluster during next week’s trading sessions.
