CHFJPY - Technical Analysis (15:00 CET)

By IBTimes Staff Reporter | October 26 2009 12:11 PM

The Swiss franc's strengthening has no limits, underlined by the large movement started on October 6th, which is offering us a fantastic rally of 583 pips so far.A few moments ago, the pair was trading at 91.40 yens per franc. We'll be paying a close attention during the rest of the session, as the pair is again getting closer to the yearly high registered on October 23rd at 91.43 yens per franc.

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The RSI is around overbuying, while the MACD shows selling signals, right now.

If there's a downwards correction, the supports to consider are at 91.02 and 90.31 yens per franc.

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