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Swiss Franc / Japanese Yen

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CHFJPY trade ideas

CHFJPY Short IdeaCHFJPY Short Idea COT Report - Non Commercials are reducing there position in CHF, showing weakness in CHF. - Non Commercials started taking long positions in JPY, showing strength in JPY. Endogenous Factors - JPY score after all indicators is +3 and +4 for last two months - CHF score after all indicators is -2 and -1 for last two months - JPY looks stronger and CHF weaker in Leading Economic Indicators Exogenous Factors - JPY Interest Rates and Real GDP are getting stronger. - CHF Interest Rates and Real GDP are getting weaker. Seasonality - December is usually a bullish month for CHFJPY, but this time exogenous and endogenous factors, the fundamentals of both currencies, are not looking in favor of the seasonality. News Catalyst Expecting a negative or equal to last month CPI data for CHF releasing on Tuesday. This may keep the trend of CHF JPY bearish for next few days as well. Trade Plan Place a Sell Limit near Order block or between 32%-50% retracement on h4, expecting it to be triggered before or at CPI news release. SL is above h4 recent swing high.
Short
by EminantRise
CHFJPY - YEN RETRACEMENT OVER?The fib .618 gives the Yen a very strong support looking at the daily Index chart for Japanese Yen. Yen has been ranging within the last 2 weeks sitting right on top of the fib.618 level but yesterday broke out of range with that long green elephant bar. A break below 172.6 level could see this pair drop harder as it has failed to reach previous high and presently consolidating. A near perfect Broadening wedge formation somewhat indicating a reversal is looming after a long bullish trend. Usually in this case if current swing fails to reach previous high or break above it, we anticipate price to drop hard targeting Price objective for Broadening Wedge formation (160.80). Looking out for potential SHORT scalps on this pair on the break of 172.60 level targeting next support (W1) of 169.25. A break & close above resistance will nullify analysis.
Short
by GhosTrader_GT
CHF/JPY continues the downtrendOn CHF/JPY , it's nice to see a strong sell-off from the price of 171.540 and 172.500. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Support from the past and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
CHFJPY forecast On technicals, The price reacted to the bearish cypher pattern and started dropping, breaking the support level with a strong candle. It seems likely to continue its decline toward the 166 level. Right now, we’re waiting for a retest of the broken 172 support, which could be a good entry point. On the fundamental side, Swiss GDP dropped by 0.4% in the third quarter, as expected, while The yearly tokyo core CPI rose to 2.2% from 1.8%, beating the forecast of 2.0%. This supports the yen’s strength against the CHF.
Short
by Justfxtrades
CHF/JPY Analysis The pair has shown some bearish momentum, reaching a zone of interest for potential reactions. While a short-term bounce is possible due to oversold conditions and the proximity to a key weak low, the risk here is not negligible. Market dynamics suggest this could be a countertrend move, so it's vital to manage risk carefully. Key Observations: Weak low interaction: The price is sitting near a potential liquidity zone, making a reaction plausible. Risk Note: Larger trends still lean bearish; any bounce may face resistance. Always prioritize risk management and trade responsibly!
Long
by Charts_M7M
Lingrid | CHFJPY short from the RESISTANCE zoneFX:CHFJPY is currently pulling back to the resistance after a significant bearish move. It appears that if the price fails to break above the resistance at 172.500, as well as the downward trendline that also acts as a swap zone, it could signal a strong continuation of the bearish trend. This level has been tested multiple times in the past, which highlights its importance as a resistance zone. I am waiting for the price to roll back into this resistance area. If price action gives a clear sell signal, such as a protruding long-tailed bar, it could indicate a liquidity grab above this zone. This type of price action may suggest that sellers are stepping in, and it could present a good opportunity to short the market. My goal is to support zone around 170.300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
4
GBPJPY potential drop from the resistance levels crossingThe CHF/JPY pair is retracing towards the 172.500 resistance level following a notable decline. If the price fails to surpass this resistance and the accompanying descending trendline, which serves as a swap zone, it may indicate a continuation of the bearish trend. The repeated testing of this level underscores its significance as a resistance area. A clear bearish signal, such as a prominent long-tailed bar, could suggest a liquidity grab above this zone, indicating increased selling pressure and a potential opportunity to enter short positions. The target for such a move would be the support zone near 170.300
Short
by RTED_Investing
1
CHFJPY expected to bottom soon. Unique long-term buy opportunityThe CHFJPY pair has been trading within a long-term Channel Up pattern for more than 2 years (since the September 22 2022 High). More recently on September 16 2024, the price bottomed on its Higher Lows trend-line and the subsequent rebound to the 0.786 Fibonacci retracement level, initiated a new pull-back that broke yesterday below its 1D MA200 (orange trend-line). This is identical to the Channel's previous bottom formation in January 2023. The rebound that followed also got rejected near the 0.786 Fib and retraced all the way to the 0.236. Then it started a relentless Bullish Leg all the way to the 2.0 Fib extension. Even the 1W RSI sequences between the two fractals are identical and we are at the point where the RSI is about to break below its MA and give the buy signal. As a result, we turn bullish on the CHFJPY pair, targeting 188.000 (near the top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1