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The CHFJPY keeps the negativity – Forecast today – 6-11-2024
The CHFJPY price formed some negative waves recently, affected by the stability of 177.25 resistance line, to record some negative targets by touching 175.20 level followed by forming temporary positive rebound towards 176.15 due to the contradiction between the major indicators.
In general, the negative overview will remain valid depending on the stability of the mentioned resistance, to expect gathering the negative momentum and start targeting new negative stations, to head towards 174.75 followed by 173.90 levels as main stations.
The expected trading range for today is between 174.75 and 176.60
Trend forecast: Bearish
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