The CHFJPY activated the bearish corrective track after recording 204.35 level, to begin gathering some of its gains by reaching 201.65, facing %100 Fibonacci extension level, which forms a key support for the current trading.
To notice positive momentum by stochastic, to increase the chances of renewing the bullish attempts by its stability near 202.25 level, and the continuation of the positive pressures might lead it to resume the bullish attempts, to expect reaching 202.70, then to attempt to breach 203.25 barrier.
The expected trading range for today is between 201.900 and 202.70
Trend forecast: Bullish
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