Trade of The Day – CHF/JPY

Facts:
The pair reached the lower limit of 1:1 structure at 199.45
Main trend on the pair remains upward from March 2025

Recommendation: 
Trade: Long position on CHFJPY at market price
Target: 203.68, 205.65
Stop: 197.58 

Opinion: Looking at CHFJPY chart, one can observe that the price bounced off the key technical support today. This support is marked with the lower limit of 1:1 structure (red rectangles) as well as 100-period moving average from D1 interval. Should buyers manage to hold the price above the support at 199.45, another upward impulse may be on the cards. We recommend taking a long position on CHFJPY at market price with two targets: 203.68 and 205.65. We also recommend placing a stop loss order at 197.58 Source: xStation5