CHFJPY Rejection from Multi-Year ResistanceCHFJPY recently rejected strongly from the 176.15 resistance zone, a level that has historically acted as a ceiling since mid-2023. After a parabolic rise into this resistance, we’re now seeing early signs of a bearish reversal pattern, indicating sellers may be regaining control.
Key Technical Lev
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.
CHF/JPY BULLS ARE STRONG HERE|LONG
CHF/JPY SIGNAL
Trade Direction: long
Entry Level: 172.570
Target Level: 175.428
Stop Loss: 170.661
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analy
CHFJPY: Very Bullish Setup I see a very nice bullish setup on 📈CHFJPY:
Following a retest of a previously breached daily support level, the price has successfully broken and closed above a resistance line of a bullish flag pattern on the 4-hour chart.
I anticipate a retracement in the near future.
Target price - 175.60
Forget Candlestick Patterns -Who is in control BUYERS or SELLERSAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain dir
CHFJPY at a Key Resistance – Potential Bearish Move?CHFJPY at a Key Resistance – Potential Bearish Move?
Ten days ago, CHFJPY tested a strong daily resistance zone—an area that has been challenged multiple times in the past, often triggering significant bearish moves.
There’s a good chance CHFJPY could start another major decline from this zone, e
CHFJPY BUY?Market is reacting to daily area on Daily time frame. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presente
CHFJPY: Long Trade with Entry/SL/TP
CHFJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy CHFJPY
Entry - 172.36
Stop - 171.45
Take - 174.05
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a mon
CHF_JPY GROWTH AHEAD|LONG|
✅CHF_JPY made a retest
Of the horizontal support
Around 172.500 and we are
Already seeing a powerful
Rebound so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
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Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
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.