Setup Overview: 
CHFJPY
CHFJPY is showing signs of strength after a strong impulsive move higher, followed by a healthy retracement into an important support zone. Price is currently holding above the Fibonacci retracement area, with the 0.382 level near 202.979 and the 0.50 level near 202.709 acting as the main demand zone. This pullback looks like a possible continuation setup rather than a reversal, as price remains structurally bullish on the intraday view.
The highlighted zone could offer buyers a strong reaction point if price dips lower before continuation. As long as CHFJPY stays supported above this area, the bullish outlook remains valid.
Support & Resistance:
Main Support Zone: 202.70 – 202.98
Current Price Area: around 203.43
1st Resistance: 204.250
2nd Resistance: 204.654
A successful hold above support may trigger a move toward the first resistance at 204.250, and if momentum continues, price could extend toward 204.654.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk properly and wait for confirmation before entering any trade.
#CHFJPY #Forex #TradingView #TechnicalAnalysis #PriceAction #ForexTrading #SwingTrading #DayTrading #SupportAndResistance #FibonacciRetracement
Call to Support:
If you found this analysis helpful, don’t forget to like, comment, and share your view on CHFJPY 🙌
CHFJPY CHFJPY is showing signs of strength after a strong impulsive move higher, followed by a healthy retracement into an important support zone. Price is currently holding above the Fibonacci retracement area, with the 0.382 level near 202.979 and the 0.50 level near 202.709 acting as the main demand zone. This pullback looks like a possible continuation setup rather than a reversal, as price remains structurally bullish on the intraday view.
The highlighted zone could offer buyers a strong reaction point if price dips lower before continuation. As long as CHFJPY stays supported above this area, the bullish outlook remains valid.
Support & Resistance:
Main Support Zone: 202.70 – 202.98
Current Price Area: around 203.43
1st Resistance: 204.250
2nd Resistance: 204.654
A successful hold above support may trigger a move toward the first resistance at 204.250, and if momentum continues, price could extend toward 204.654.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk properly and wait for confirmation before entering any trade.
#CHFJPY #Forex #TradingView #TechnicalAnalysis #PriceAction #ForexTrading #SwingTrading #DayTrading #SupportAndResistance #FibonacciRetracement
Call to Support:
If you found this analysis helpful, don’t forget to like, comment, and share your view on CHFJPY 🙌
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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.
✅Free Telegram Channel: telegram.me/kabhifx
✏️Text Me @ telegram.me/kabhidhan
✏️Text Me @ telegram.me/kabhidhan
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.