Our pivot point is at 193.80.
Our preference: the downside prevails as long as 193.80 is resistance
Alternative scenario: above 193.80, look for 194.32 and 194.63.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 193.73 and 194.00). Finally, the CHF/JPY is trading below its lower Bollinger band (standing at 193.34).
Supports and resistances:
194.63 **
194.32 *
193.80 **
193.59
193.26 last
192.58
192.27 **
191.96 *
191.65 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2025 at 10:35 UTC+1
Price reference: 193.26 last known on 11-25-2025 at 10:35 UTC+1
Investment horizon: INTRADAY
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