CHF/JPY Analysis | Potential Reversal or Continuation ?
CHF/JPY Technical Analysis & Forecast
📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend.
However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details.
🔍 Key Technical Highlights:
✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure.
✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area.
✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move.
✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation.
✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control.
📊 Prediction & Outlook:
🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000.
🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250.
🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside.
📢 Trader’s Takeaway:
🔹 Short-term traders should watch for confirmation of the double bottom breakout.
🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations.
🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups.
Stay tuned for more updates and trade wisely!
🚀 Follow me for real-time insights and forecasts.
CHFJPY CHFJPY CHFJPY
📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend.
However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details.
🔍 Key Technical Highlights:
✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure.
✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area.
✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move.
✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation.
✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control.
📊 Prediction & Outlook:
🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000.
🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250.
🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside.
📢 Trader’s Takeaway:
🔹 Short-term traders should watch for confirmation of the double bottom breakout.
🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations.
🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups.
Stay tuned for more updates and trade wisely!
🚀 Follow me for real-time insights and forecasts.
CHFJPY CHFJPY CHFJPY 
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.