The Swiss Franc continues to put on an impressive display of strength against the Japanese Yen as CHF/JPY moves within striking distance of the current 2020 closing high following a multi-week rally in the cross. Given recent strength, CHF/JPY buyers will likely attempt a run for the 2017-2018 highs at 118.605-118.558. A bullish Simple Moving Average crossover formed in September, along with a very recent MACD crossover on the weekly chart. These may give bulls the technical backdrop to run higher yet. The Swiss Franc’s technical position against the Canadian Dollar is likely nearing a decisive moment with a … (full story)
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