The CHFJPY pair has demonstrated a continuation of positive closings, maintaining a favorable stance above the additional support at 166.70. This positive stability has led to incremental gains, reaching 170.20. It’s noteworthy that this upward movement aligns with the primary stability within the established bullish channel visible on the chart.
The ongoing positive momentum, supported by major indicators, signals the potential for sustained positivity. The next anticipated milestones include a potential move towards 170.90 in the short term, followed by a target at 172.35.
Key Levels to Watch:
Support: The additional support is identified at 166.70.
Resistance: The pair might face resistance around 170.90, with a subsequent main target at 172.35.
Expected Trading Range for Today:
The anticipated trading range for today is projected between 168.80 and 170.40.
Today’s Trend Expectation:
The prevailing trend for today is expected to be bullish, aligning with the positive momentum observed in recent sessions.