The CHFJPY pair formed a new positive rally in the last trading, threatening the negative stability by its stability above the bearish channel’s resistance at 1.05430, to confirm forming a positive trading needs to step above 61.8% Fibonacci correction level at 1.0568, opening the way towards targeting several positive levels by reaching 1.0630 and 1.0680.
The expected trading range for today is between 109.50 and 108.20
The expected trend for today: Bearish