The CHFJPY succeeded to activate the bullish attack by its repeated stability above the breached bearish channel’s resistance at 173.95, which represents a strong support against the bullish attempts, to notice achieving several positive gains by reaching 176.45.

 

The current sideways fluctuation caused by stochastic attempt to exit the overbought level, which makes us wait for gathering extra positive momentum in the current trading, reinforcing the chances for attacking 176.75 barrier, and surpassing it will reinforce recording extra gains by reaching 177.40.

 

The expected trading range for today is between 174.85 and 176.70

 

Trend forecast: Bullish