🧠 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).
---
❌ 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.
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).
---
🔻 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).
---
❌ Invalidation:
A daily candle close above 180.355 invalidates this setup and may signal continued bullish momentum.
---
✅ 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.
---
⚠️ 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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.