Facts:
The pair reached the lower limit of 1:1 structure at 200.10
Main trend on the pair remains upward from February 2025
Recommendation:
Trade: Long CHFJPY at market price
Target: 202.45, 203.40
Stop: 199.05
Opinion: Looking at CHFJPY chart, one can observe that the price reached the key technical support today. This support is marked with the lower limit of 1:1 structure (red rectangles). Should buyers manage to hold the price above the support at 200.10, another upward impulse may be on the cards. We recommend taking a long position on CHFJPY at market price with two targets: 202.45 and 203.40. We recommend placing a stop loss order at 199.05.
Employees of the Analysis Department, as well as other persons involved in the preparation of this report do not have any knowledge about positions of Today Markets in financial instruments. In addition, Trading Department employees are not taking part in preparation of reports and/or market commentaries.
