Looking at the CHF/JPY currency pair, the price action shows a clear downward trend since late January 2025, with consistently lower highs and lower lows. The recent bounce from the 166.00 area appears to be a corrective move rather than a trend reversal, suggesting a higher probability of continued downside momentum.
However, traders should exercise caution as price approaches the marked blue box zone around 167.00-167.50. This area could act as a support level and potentially trigger a temporary bounce or consolidation. Still, given the overall bearish structure, any rebounds from this zone might present new opportunities for short positions, provided proper risk management is implemented.
However, traders should exercise caution as price approaches the marked blue box zone around 167.00-167.50. This area could act as a support level and potentially trigger a temporary bounce or consolidation. Still, given the overall bearish structure, any rebounds from this zone might present new opportunities for short positions, provided proper risk management is implemented.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.