Forecast by Marius Ghisea – CHF/JPY (October 24-28)

The stochastic oscillator indicates a possible uptrend for CHF/JPY. The confirmation of an uptrend will be at EMA 50 (104.93). A target for this currency pair may be 109.54 (Fibo 50) in the medium long term.

According to the 8 hour forex  chart, the CHF/JPY currency pair is at the bottom (103.97) in the short term. The MACD is also near bottom and the confirmation of an uptrend will be when the price hits EMA 200 (105.32). A possible target is 106.59 (Fibo 61).