The CHFJPY price ended the last negative movement by facing a key support at 200.55 level, which forces it to delay the decline and begin providing sideways trading to settle near 200.70.

 

Note that the continuation of forming extra barrier at 201.05 level and providing negative momentum by the main indicators will increase the chances of renewing the negative pressures on the current support, to confirm the importance of surpassing it to open the way for reaching new stations that might begin at 200.25 and 199.90.

 

The expected trading range for today is between 200.25 and 200.90

 

Trend forecast: Bearish by achieving the break