CHFJPY is showing a potential reversal from a well-defined demand zone (highlighted in green). Price has bounced strongly after forming a base around the 173.000 area and is now pushing upward with bullish momentum. If this move holds above minor resistance near 173.600, we could see a rally toward the key horizontal resistance level at 175.164.
🟢 **Bullish Bias**: Rejection from demand zone + bullish structure forming.
🎯 **Target**: 175.164 resistance zone.
📉 **Invalidation**: Break and close below 173.000.
Keep an eye on volume and price action confirmation for entries—momentum looks promising!
🟢 **Bullish Bias**: Rejection from demand zone + bullish structure forming.
🎯 **Target**: 175.164 resistance zone.
📉 **Invalidation**: Break and close below 173.000.
Keep an eye on volume and price action confirmation for entries—momentum looks promising!
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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.
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.