CHFJPY Bullish Breakout Above Symmetrical Triangle ResistanceExecutive Summary
CHFJPY is currently breaking out to the upside following a period of consolidation within a falling trendline / symmetrical wedge structure on the 4-hour timeframe. The pair has established a firm double-bottom foundation near the 188.00 support zone and continues to respect an as
Swiss Franc / Japanese Yen
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Pair info
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.
CHFJPY: Expecting Bearish Continuation! Here is Why:
Looking at the chart of CHFJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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CHFJPY Will Move Lower! Sell!
Take a look at our analysis for CHFJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 189.789.
The above observations make me that the market will inevitably achieve 189.331 level.
CHFJPY Is Very Bearish! Short!
Here is our detailed technical review for CHFJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 189.976.
Taking into consideration the current market trend & overbought RSI, chances will be high to see
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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.









