CHF/JPY may rise to 178.92 - 181.65

Our pivot point stands at 169.12.

Our preference

The upside prevails as long as 169.12 is support.

Alternative scenario

Below 169.12, expect 164.55 and 161.84.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 169.62 and 171.17).

Supports and resistances

187.10 **

184.38 *

181.65 **

178.92

172.81 last

170.91

169.12 **

164.55 *

161.84 **

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