CHFJPY failed to resume its bullish attack, pressured by the stability of the resistance barrier near 192.30. The pair has remained below this level as the main technical indicators recently signaled negative momentum, leading to another decline toward 190.45.

 

The Stochastic indicator’s exit from overbought territory is expected to add further negative pressure to current trading, supporting our outlook for additional bearish attempts targeting 190.10, followed by a test of support near 189.20. This support level represents a key threshold for confirming the overall direction of upcoming trading.

 

The expected trading range for today is between 189.20 and 191.40.

 

Trend forecast: Bearish