The Swiss Franc is gradually edging higher in a narrow ascending channel pattern against the Japanese Yen. The currency pair has surged by 2.18% since the middle of June. All things being equal, the CHF/JPY exchange rate could continue to surge in the narrow ascending channel pattern. Bullish traders could target the 115.40 level during the following trading sessions. However, the weekly resistance level at 114.80 could provide resistance for the currency exchange rate within this week’s trading sessions.

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