FX.co ★ rferry | CHF/JPY

On the 30-minute timeframe for the currency pair CHF/JPY, there is a continuation of the bullish structure after breaking through a key level. The price broke the local resistance at 201.41 and then correctly returned to it for a retest, where the level was confirmed as support. This reaction indicates the preservation of buying control and a redistribution of liquidity in favor of continuing the trend. Currently, the movement is developing in a northern direction after consolidating above the level, which strengthens the scenario for further growth. The key target while holding above 201.41 is the resistance zone at 203.14, where the first significant reaction from sellers is likely, leading to a possible slowing down of the impulse.