CHF JPY short Target 177CHFJPY recently hit an all-time high and is now in a downtrend. The pair is currently undergoing a pullback consolidation and is likely to resume its downward move soon.
About Swiss Franc / Japanese Yen
The Swiss Franc vs. the Japanese Yen. After reaching its low in 2008 this pair has steadily traded higher mainly due to aggressive Japanese monetary easing. Also, due to low interest rates and different financial properties these currencies are considered to be safe haven and funding currencies.
Related currencies
CHFJPY: Strong Bullish PatternI observe a bullish accumulation pattern, specifically an ascending triangle, on CHFJPY chart.
In a strong uptrend, this pattern typically suggests a high likelihood of bullish continuation.
The next buy signal will come from a bullish breakout above the neckline of the ascending triangle on the
CHFJPYCHFJPY price has a chance to adjust to 180.517-181.169 level. If the price cannot break through 181.169 level, it is expected that the price will drop. Consider selling in the red zone.
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Time To SELL CHFJPY?? 3000 Pips Potential Move On The CardsIn Today's Video I break down the CHFJPY let me know what you think in the comments.
CHFJPY at Major Breakout or breakdown ?CHFJPY has reached major area where it can break the support and go to 183 and decline can further decline down to 177 support. let us see
#CHFJPY: Next Target 180 or Beyond! Get ReadyCHFJPY is extremely bullish this week. The price has risen above 175 as of today, primarily due to the strong USD economic data and the BOJ’s decision not to change interest rates. We anticipate a steady bullish move.
Good luck and trade safely!
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second Step...maybe the start of a big dropI am from Iran and I am sharing this analysis with you after 12 days of war and complete lack of internet... The first step in the previous analysis of this currency pair was to enter a buy trade and we are slowly entering the second step which may be the beginning of a big decline. In the red area
CHFJPY - Important Breakout !Hello Traders !
On the daily time frame,
The CHFJPY broke the resistance level (176.482 - 177.326).
This key level becomes new support!
So, I expect a bullish move🚀
_______________
TARGET: 179.350🎯
CHFJPY is BearishDouble top on chart with bearish divergence hints that bulls seem to be exhausted after a good run. If previous higher low is broken with good volume then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CHFJPY pair is quoted as 1 CHF per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CHF.
CHFJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CHFJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.