HomeContributorsTechnical AnalysisCHF/JPY 4H Chart: Bullish Run To Continue

CHF/JPY 4H Chart: Bullish Run To Continue

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.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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