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CHFJPY

Potential bullish breakout on CHF/JPYThe yen began to correct against its sustained weakness in September, when the MOF (Ministry of Finance) intervened in the currency markets to strengthen the yen. That helped CHF/JPY spent the next three or so months pull back from its highs and retrace against its bullish trend. However, the end of the correction may have been seen around 137, as momentum turned higher at a Fibonacci cluster which includes a long-term 38.2% retracement and 161.8% projection level. Since then, prices have moved higher, built a level of support just above 140 and closed above the 200-day EMA. We also note that Friday’s low respected the 200-day EMA as support. So we’re now on guard for a potential bullish breakout above 143.60, which would also clear the 100-day EMA. A strong inflation report and further hawkish commentary from the SNB could help with such a scenario (as would confirmation of a dovish BOJ governor to replace Kuroda). A break below 140 invalidates the bullish bias.
Long
by CityIndex
#CHFJPYIn a floor above the range of 137.512 A: We are building a floor in the form of a triangle pattern in the range of 139.543 to 142.344. Now we are exactly on a static resistance area of 142.438. It is expected that by breaking it, we will experience a growth of up to 50% of the triangle pattern up to 143.859 area, which will be exactly on the static resistance area of X. If the X area is broken, we can expect growth up to the next resistance in the area of 144.772 and after that we have the completion of the expected harmonic pattern in the area of 145.716. At each step of the steps, you can decide on the continuation of the process and the amount of correction. But in general, the goal is to complete the pattern in the area of 145.716.
by maryammh
CHFJPY - 4hrs ( Buy Trade Target Range 300 PIP ) 💲Pair Name : CHF/JPY 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( / Long ) Type : Mid Term Swing ——————————— Bullish Break 142.800 Area Reasons - Major Turn level - Pattern Break Out - Visible Range Lvn - Day / Week High Break - High Traded Volume Zone Bearish Reversal 145.850 Area Reasons - Major Turn level - Pattern Target - Visible Range Poc Area - Fixed Range Value - Fibo Golden Area
Long
by GoldenEngine
1
CHFJPY I It will fall from resistance 100 pipsWelcome back! Let me know your thoughts in the comments! **CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
34
CHFJPY LONG TRADE PROJECTIONCHFJPY is holding a consolidation and here we have two possibilities. With the recent rise up from the bottom support, expecting the price to do a bullish breakout and follow the pinned target price level. Any chance of a bearish breakout on the support will flip the setup and expectation over the confirmation. Thanks for visiting my tradingview profile. Hope the chart update helps you out. If you like the content do hit the thumbs up and follow me for future updates. Don't forget to leave your thoughts and opinions on the following market. 🙌🏻😎 📌For more details regarding this chart update, please message me on tradingview chat. Thank you!
Long
by traderchamp_
1