6 Feb 2014
CHF/JPY is consolidating and languishing for new triggers
FXStreet (Moscow) - CHF/JPY is sleeping in a 45-pips range after moving to the support of 112.00 during early Asian hours.
CHF/JPY is waiting for Swiss data
On a longer-term scale CHF/JPY is consolidating the losses incurred last week. The general sentiments in the cross are still negative, but as long as it stays above 111.60, the rangebound trading will prevail. Today we are waiting for Swiss consumer climate indicator that is likely to support the CHF if it comes as forecasted (1 in January vs. -5 in December). But later the trade balance data is published. It is expected to show the decrease of surplus. This may increase the downside pressure on the cross and push it below the above said support level. Keep an eye at the support of 112.00 and 111.60. The upside is likely to be limited by the resistance of 112.50 followed by 112.90.
What are today’s key CHF/JPY levels?
Today's central pivot point can be found at 112.18, with support below at 111.77, 111.31 and 110.90, with resistance above at 112.63, 113.04 and 113.49. Hourly Moving Averages are mostly bearish, with the 200SMA at 113.46 and the daily 20EMA at 114.00. Hourly RSI is neutral at 47
CHF/JPY is waiting for Swiss data
On a longer-term scale CHF/JPY is consolidating the losses incurred last week. The general sentiments in the cross are still negative, but as long as it stays above 111.60, the rangebound trading will prevail. Today we are waiting for Swiss consumer climate indicator that is likely to support the CHF if it comes as forecasted (1 in January vs. -5 in December). But later the trade balance data is published. It is expected to show the decrease of surplus. This may increase the downside pressure on the cross and push it below the above said support level. Keep an eye at the support of 112.00 and 111.60. The upside is likely to be limited by the resistance of 112.50 followed by 112.90.
What are today’s key CHF/JPY levels?
Today's central pivot point can be found at 112.18, with support below at 111.77, 111.31 and 110.90, with resistance above at 112.63, 113.04 and 113.49. Hourly Moving Averages are mostly bearish, with the 200SMA at 113.46 and the daily 20EMA at 114.00. Hourly RSI is neutral at 47