The Swiss Franc has strengthened its position against the Japanese Yen since mid-August. This upside movement has sent the currency pair to six months highs at the 115.14 marks.
During this period of surged, the exchange rate dashed through the three SMAs. Moreover, the 50-hour simple moving average has been guiding the price higher since August 20.
Technical Indicators suggest that the bullish sentiment is likely to continue during the following trading sessions. If the aforementioned bullish momentum continues, a breakout through the upper boundary of a junior ascending channel is expected to occur within the coming days.
