No change on CHFJPY’s price track until this moment, due to its stability above the support of the bullish channel’s support near 198.65, besides the attempts of the main indicators to provide bullish momentum, fluctuating near199.90 level.

 

We expect the continuation of gathering bullish momentum by forming bullish waves, attempting to reach 200.50, to extend the trading towards facing %61.8 Fibonacci corrective level at 201,25, which represents confirmation key for the main trend on the medium-term trading.

 

The expected trading range for today is between 0.5630 and 0.5720

 

Trend forecast: Bullish