CHF may be on a weakening trend against the US dollar but against the Yen it would seem to have an eye for new highs. This may be due to the fact that the Yen is currently fundamentally weaker than the Swiss Franc. On the day chart we can see how price has retreated from its high if 134.655 in June and after bouncing off the 50% line, which also coincided with the bottom of the cloud, has now found support on the 38.2% line. A close above the 23.6% resistance line should lead to more price action towards the next resistance on the 0% line, a break of which should prove the Bull trend is back under way bring new highs.

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