Updated Silver Forecast for January 29, 2026
Market analysis suggests that the CHFJPY currency pair is showing resilience against short-term pressures. Currently, it remains stable within its bullish channel, particularly above the key support level of 198.75.
Updated Silver Forecast for January 29, 2026
The overall indicators are hinting at a potential uptrend for the CHFJPY, suggesting increased bullish momentum. This trend could lead to new upward movements in the near future.
Projected Price Targets
- Initial target: 200.55
- Next main target: 202.20
The 202.20 target corresponds to the 216.8% Fibonacci extension level, highlighting its significance in the trading landscape.
Expected Trading Range
For today, the trading range is anticipated to fluctuate between:
| Support Level | Resistance Level |
|---|---|
| 199.00 | 200.55 |
In conclusion, the prevailing trend forecast for CHFJPY is bullish, indicating a favorable trading sentiment as we approach the target levels. Traders should monitor these developments closely for potential opportunities in the market.
