The Swiss Franc is depreciating against the Japanese Yen in a descending channel pattern on a small scale. However, by looking at the larger scale situation of this two safe haven currency pair, it can be observed that the pair might soon surge. The currency exchange rate has encountered the support of a medium scale channel down pattern. Most likely the rate will first bee squeezed in between various clusters of significance, as it can be observed that the rate is set to face two strong resistance clusters. First is located at the 115.00 mark, and the second will reside near the 115.40 level. Meanwhile, the currency pair is being supported from the downside by the 55-hour SMA, which is pushing the rate higher. In addition, take a look at the daily chart, as the 100-day SMA is providing additional support to the Franc against the Yen.