CHFJPY
Trade Levels
Trade Analysis
The chart shows an equal‑high‑low sweep formation on the H4 timeframe accompanied by a gap‑fill that pushes price below the recent swing high, creating a sell‑sweep entry at 199.008. Multi‑timeframe analysis confirms a bearish bias (MTF bearish) with the H4 momentum indicator showing a 23 % downside probability, while the OBV indicator diverges, signaling reduced buying pressure. Fundamental data reinforce the technical view: Swiss CPI came in flat, indicating limited price‑level support for the franc, and the overall risk‑off environment favours the yen. The stop is placed at the structural resistance of 199.168, and three profit targets (198.896, 198.800, 198.608) align with projected Fibonacci retracements and prior support zones, providing a well‑defined risk‑reward profile.
