CHF/JPY may rise to 181.65 - 183.81

Our pivot point stands at 173.69.

Our preference

As long as 173.69 is support look for 183.81.

Alternative scenario

Below 173.69, expect 170.07 and 167.92.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (177.97) but above its 50 period moving average (174.20).

Supports and resistances

188.14 **

185.98 *

183.81 **

181.65

177.00 last

175.11

173.69 **

170.07 *

167.92 **

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