Daily Market Review. 08.04.2024 CHF/JPY

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Welcome to our financial update, presented by Investizo, your trusted forex broker. Today, we’re focusing on the CHFJPY pair, which has shown signs of overcoming negative pressures. The pair found solid support at one hundred sixty-six point sixty, enabling a bullish stance with the immediate target being the MA fifty-five at one hundred sixty-seven point ninety. With the stochastic indicator fluctuating near the eighty level, we’re seeing potential for additional gains, aiming for one hundred sixty-eight point twenty, and possibly extending to one hundred sixty-nine point thirty-five. The expected trading range for today is between one hundred sixty-seven point fifty support and one hundred sixty-eight point twenty resistance, with a bullish trend forecast. Stay tuned for more insights.

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