Good afternoon! Technical analysis on the H1 timeframe. The volatility for the 14-day period for the CHFJPY currency pair today is 69 p. The upper border of the trading range obtained on the basis of volatility data: 112.48. The lower limit of the trading range: 111.30. Stochastic on the D1 timeframe is in the overbought zone. Which may provide support regarding a further drop in quotes. The intraday resistance at CHFJPY is 112.24. If the bulls can break through and gain a foothold over this resistance, the road will open to the next level 112.48. In the event that a breakdown of the support level of 111.74 occurs, the pair will decline to the level of 111.30.


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