The CHFJPY pair hinted keeping the bullish bias domination by providing new positive close above the bullish channel's support at 114.05, also, the stability of the moving average 55 around this support confirms the preparation to resume the bullish attack, waiting to reach 116.45 level, while the continuous positive pressures might extend trading towards 50% Fibonacci correction level at 118.25.
Stochastic rally towards the overbought areas reinforces our bullish overview, allowing the price to gather new positive momentum that confirms the preparation to achieve the waited targets.
Expected trading range for today is between 114.80 and 116.45
Expected trend for today: Bullish


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