The CHFJPY succeeded in resuming the bullish trend, taking advantage of its repeated stability within the bullish channel’s levels that appears in the above image, to surpass 198.80 then targeting new historical stations by reaching 200.90 directly.

 

The continuation of providing bullish momentum will provide a chance for resuming the bullish attack in the near period, to expect reaching 202.15 level to form initial extra target in the current trading, where surpassing it will push the price to reach the bullish channel’s resistance at 206.65.

 

The expected trading range for today is between 199.35 and 2202.15

 

Trend forecast: Bullish