CHFJPY: Consolidation & Completed Indecision

٢١ يوليو

The CHFJPY is currently confined to a tight range, bounded by two key horizontal levels. The price's response to these levels will determine the next move. Two possible scenarios:

Bullish Scenario: A break and close above 177.87 could spark a rally towards 179.00.

Bearish Scenario: A break and close below 175.83 may trigger a decline to 174.80.

Let's wait patiently for a breakout to occur, which will dictate the next price movement. Though I am bullish bias