The pair CHFJPY continue to portraying the recovery Setup with the proof of an impulse around110.90. For the One more time the pair yet to justify its strength the price range may hit the horizontal bar near 113.15-25. Meanwhile, the buyers should be careful about the zones 112.85-113.10 the market might conquer against the current trend; If nothing happened in these zones, the market will highlight the range 113.25, 113.80 and the 114. 40 on the daily closing.
On the other hand, the inability to pass the horizontal zone could reverse the trend. The price range around 112.00 and 111. 40 may offer the instant support. In case the pullback occurs, again, the 110.90 (reversed area) would be the highlighting zone; the quotes may drop to 110-109.45.
Plan your trades on this pair according to the mention numbers.
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