The CHFJPY pair started to form some negative trades to move away from the bearish channel’s resistance at 109.60, also, stochastic reach to the oversold areas will increase the chances of gathering the negative momentum that will confirm its preparation to record new negative targets by reaching 107.85 followed by 106.80 levels.
The expected trading range for today is between 109.00 and 107.85
The expected trend for today: Bearish