CHFJPY Has Exploded Past 180 — But Is the Top Already In?
After blowing clean through the key 180 resistance level, CHFJPY has continued surging into July — a month historically known for thin liquidity as traders hit holiday mode. These low-volume environments often lead to exaggerated price moves, much like we see in late December.
From a structural standpoint, this pair looks seriously overextended and ripe for a sharp pullback — with potential downside targets around 180 and 178 over the coming weeks.
If I were a bull, I’d want to see a clear break and weekly/monthly close above 186 before considering further upside.
As it stands, I’m gradually building into a short position, eyeing that 180 handle as my first key level.
Let me know your thoughts in the comments — agree, disagree, or seeing something I’m not?
*This is my personal analysis shared for educational purposes only. Always do your own research — never blindly follow anyone’s trades.*
After blowing clean through the key 180 resistance level, CHFJPY has continued surging into July — a month historically known for thin liquidity as traders hit holiday mode. These low-volume environments often lead to exaggerated price moves, much like we see in late December.
From a structural standpoint, this pair looks seriously overextended and ripe for a sharp pullback — with potential downside targets around 180 and 178 over the coming weeks.
If I were a bull, I’d want to see a clear break and weekly/monthly close above 186 before considering further upside.
As it stands, I’m gradually building into a short position, eyeing that 180 handle as my first key level.
Let me know your thoughts in the comments — agree, disagree, or seeing something I’m not?
*This is my personal analysis shared for educational purposes only. Always do your own research — never blindly follow anyone’s trades.*
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Related publications
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.
Join Telegram group -t.me/+T7V_JSiKKsliMTJl
Access my weekly swing trades here - forexcopierpro.com/forex-signals-page-info
Access my weekly swing trades here - forexcopierpro.com/forex-signals-page-info
Related publications
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.