CHFJPY Is Making an Ascending Channel

There is an uptrend on the 4H chart and price is making an ascending channel (the channel is not still valid until the price touches the channel’s lower band for the second time).

CCI shows a negative divergence: although price has made a higher high, the indicator has made a lower high and it is existing from the overbought area.

IF price got rejected by the channel’s upper band, I expect a fall in price to retest the channel’s lower band to make it valid.