CHF/JPY may rise 43 - 63 pips

Our pivot point is at 179.67.

Our preference

As long as 179.67 is support look for 180.61.

Alternative scenario

Below 179.67, expect 179.34 and 179.15.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 179.88 and 179.67).

Supports and resistances

181.00 **

180.80 *

180.61 **

180.41

179.98 last

179.80

179.67 **

179.34 *

179.15 **

Number of asterisks represents the strength of support and resistance levels.