The Swiss franc continued to strengthen against the Japanese yen, with the CHF/JPY pair extending its upward trajectory to reach 175.65 during Thursday’s trading session. The move reinforces the prevailing bullish sentiment in the market, supported by the formation of a solid support base around the 174.00 level.
Technical indicators signal further upside potential, with momentum gaining strength. Notably, the stochastic oscillator has climbed above the 50 mark, suggesting sustained buying interest and enhancing the likelihood of continued upward movement.
Analysts expect the pair to renew bullish attempts, with immediate targets set at 176.00. A successful break above that level could open the path toward the next resistance near 176.75.
For today, the anticipated trading range is projected between 174.30 and 176.00, with the overall trend forecast remaining firmly bullish.
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