CHF/JPY Bullish Outlook & TargetsCHF/JPY appears to be in a strong bullish trend, making higher highs and higher lows. The price is respecting the trend and continuing upward. If this momentum holds, we can expect further upside movement.
Key Levels & Trade Plan:
First Target: 168.25
This is the immediate resistance level where price may face some reaction.
If CHF/JPY struggles to break 168.25, we could see a pullback before another push higher.
If price breaks and closes above 168.25 on a strong candle, it confirms bullish strength.
Breakout Confirmation & Next Target: If CHF/JPY breaks above 168.25 with strong momentum, we look toward the next major resistance.
Next Target:
Upper Trendline (which depends on the slope of the trendline but could be near 169.00+).
A break and retest of 168.25 could be an ideal buying opportunity for further continuation.
