CHF/JPY may rise 53 - 73 pips

177.31 is our pivot point.

Our preference

Rebound towards 178.33.

Alternative scenario

Below 177.31, expect 176.98 and 176.79.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (177.51) but below its 50 period moving average (177.88).

Supports and resistances

178.71 **

178.52 *

178.33 **

178.13

177.60 last

177.44

177.31 **

176.98 *

176.79 **

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