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The CHFJPY reaches a solid support – Forecast today – 8-9-2026
The CHFJPY resumed its bearish trend due to its stability below 192.30 level, suffering big losses by reaching 189.10, to face a strong historical support level, represented by previous liquidity sweep zones as appeared in the above image.
Affected by instability due to the contradiction between the negativity of the indicators and the stability near the mentioned support, however holding above it will reinforce the chances of activating the attempts of recovering the losses by forming a bullish corrective rally, to target 190.85 and 191.50 level, while breaking the support and holding below it will force it to suffer extra losses by reaching 187.50 and 186.80.
The expected trading range for today is between 188.85 and 190.00
Trend forecast: Bullish
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