CHF/JPY may rise 92 - 126 pips

Our pivot point stands at 165.23.

Our preference

Rebound towards 166.95.

Alternative scenario

Below 165.23, expect 164.65 and 164.30.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 166.07 and 166.50).

Supports and resistances

167.64 **

167.30 *

166.95 **

166.61

165.69 last

165.45

165.23 **

164.65 *

164.30 **

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