CHFJPY - Technical Analysis (15:00 CET)

 @ibtimes on 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.

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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