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Swiss Franc / Japanese Yen

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CHFJPY trade ideas

Lingrid | CHFJPY buying OPPORTUNITY from SUPPORT zoneFX:CHFJPY is currently in a bullish trend, and the price is pulling back towards the support level at the psychological level of 175.000. This pullback presents an opportunity for the market to test both this key support level and the upward trendline. I expect that the price will bounce off the psychological level, confirming the overall bullish trend and potentially leading to a continuation of upward movement. If the support holds, it could provide a solid entry point for bullish trades. My goal is resistance zone around 178.000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
6
Buying Against The Yen On The Daily Time FrameLonged CHFJPY in the morning (now is 10:13pm SGT) after sieving through the JPY pairs in my watchlist(with Continuous Bars and Inside Bars). Price broke out of the Daily Time Frame's Minor Resistance level and continued bullishly in the previous few days. I am going for 2R TP if everything goes well. Might exit manually due to upcoming major news. Reference previous day's lows to set my stoploss and will be shifting my stoploss based on previous day's lows as long as price closes above the previous previous day's open price.
Long
by ProfessionalDuckHunter
Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 175.90 2nd Support – 175.30 Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
4
chfjpy is bullishThe CHF/JPY cross pair consists of the Swiss franc and the Japanese yen. Both currencies are used as safe-haven and funding currencies because of their unique characteristics and low interest rates. Factors affecting the CHF/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the CHF/JPY exchange rate significantly.
Long
by MtICHI