Our pivot point is at 202.44.
Our preference: the downside prevails as long as 202.44 is resistance
Alternative scenario: above 202.44, look for 202.89 and 203.16.
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 202.53 and 202.71). Finally, the CHF/JPY is trading below its lower Bollinger band (standing at 202.07).
Supports and resistances:
203.16 **
202.89 *
202.44 **
202.02 last
201.47
201.20 **
200.93 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-28-2026 at 06:45 UTC+1
Price reference: 202.02 last known on 05-28-2026 at 06:45 UTC+1
Investment horizon: INTRADAY
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