Swiss Franc And Japanese Yen Active At Close Of Trading Week

• 18 May 2018

CHF/JPY

The CHF/JPY pair has broken the high price SMA and is approaching the 111.27 price level which represents a previous resistance level for the pair. Momentum indicators support the bullish bias and indicate that there is room for further upside.

AUD/JPY

The AUD/JPY pair has broken the high price SMA to the upside and MACD has simultaneously broken the zero line and turned more bullish. RSI is approaching the overbought 70 line, however, there is still room for further upside.

USD/JPY

The USD/JPY pair is testing the high price SMA and is approaching the 111.30 price level. MACD has flattened in bullish territory and RSI has reached overbought conditions, indicating that a reversal could be on the cards for the pair.

EUR/CHF

The EUR/CHF pair has hit a previous resistance level from the start of the year and a break of this level could prove significant as the Euro comes under pressure. MACD is fast approaching the zero line which confirms strong bearish sentiment. RSI has stalled just above oversold conditions.