Expected Scenarios for the JPY/Franc Price Movement

The JPY/Franc pair is moving sideways in the short term.

It is confined between supply and demand zones on the same timeframe.

Signs of a distribution move are beginning to appear, 

which means a potential downward move if the price breaks and closes below

 the demand zones, which represent the lower boundary of the current sideways movement.

Expected Scenarios

If the price breaks below the demand zones

 and closes below them on an hourly candle,

specifically, if it closes below the 197.188 level,

then a decline to targets at 196.70 and 196.20 is expected.

The other scenario is if the price breaks above the supply zones and closes above them,

then an upward move to targets at 199 and 199.60 is expected.

Currently, a downward move is the most likely scenario for the pair. However, please

exercise caution when trading these days due to the numerous holidays and low liquidity.