By Dan Eduard
After spending the better part of the last two days stuck in a downward spiral, technical indicators are now showing that the Swiss franc is poised to turn bullish against its Japanese counterpart.
As we can see in the chart below, the Williams Percent Range and Relative Strength Index are already in oversold territory, indicating a bullish correction is imminent. The Stochastic Slow has yet to form a bullish cross, but appears to be heading in that direction. When it does, traders can expect the correction to take the pair toward 86.75 level.
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