CHFJPY Daily Analysis – Potential Rounded Top Reversal🧠 Key Insights:
Price is approaching strong resistance near 180.355, aligning with historical highs.
A rounded top formation is visible, signaling potential bearish reversal.
A break above 180.355 would invalidate the bearish setup (marked “Invalid” on chart).
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🔻 Bearish Scenario:
If rejection occurs at resistance:
✅ TP1: 170.145
↪ Horizontal support; prior consolidation zone.
✅ TP2: 160.352
↪ Major demand area; long-term support.
Entry can be considered on confirmation signals (e.g. bearish engulfing, divergence, or rejection wicks).
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❌ Invalidation:
A daily candle close above 180.355 invalidates this setup and may signal continued bullish momentum.
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✅ Summary:
CHFJPY is at a key resistance zone and showing signs of a possible top. If bearish confirmation forms, targets lie at 170.145 and 160.352. Use proper risk management and wait for confirmation before entering.
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⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
