CHF/JPY: Bearish Outlook ExplainedCHFJPY appears to be showing bearish tendencies following a test of a significant intraday resistance level.
The price has broken and closed below the support of a rising wedge pattern, and we are observing considerable bearish pressure this morning.
It is possible that the price may soon reach
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.
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CHFJPY: Overbought Market & Pullback 🇨🇭🇯🇵
CHFJPY finally leaves some reversal clues.
I see a confirmed breakout of a daily support with
a high momentum bearish candle.
I think that a correction will continue and the price
will drop at least to 192.75 level
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CHF/JPY SHORT FROM RESISTANCE
CHF/JPY SIGNAL
Trade Direction: short
Entry Level: 194.028
Target Level: 193.160
Stop Loss: 194.608
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my anal
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Displays a symbol's price movements over previous years to identify recurring trends.
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.









