CHF/JPY Price Analysis
Expected Scenario
The CHF/JPY price concluded recent trades with a new negative close below the 179.20 barrier, confirming the continuation of the previously suggested bearish trend. The stochastic negative momentum will likely increase the chances of targeting the 178.15 level, followed by reaching 177.70, thereby putting pressure on the MA55.
Expected Trading Range
Today’s anticipated trading range for CHF/JPY is between the 179.20 resistance level and the 178.15 support level.
Trend Forecast
The trend forecast for CHF/JPY remains bearish.
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