CHFJPY Technical Analysis Report 9 September, 2025
Given the strength of the resistance level 186.00, overbought daily Stochastic and the bearish sentiment viewn across the FX markets today, CHFJPY currency pair can be expected to fall to the next support level 182.00 (which stopped the previous waves a ,b and 4).
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- CHFJPY reversed from the resistance zone
- Silver to fall to support level 182.00
CHFJPY currency pair recently reversed down with the daily Japanese candlesticks reversal pattern Bearish Engulfing from the resistance zone located between the key resistance level 186.00 (former double top from July, as can be viewn from the daily CHFJPY chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier short-term impulse wave 5 of the intermediate impulse wave (3) from April.
Given the strength of the resistance level 186.00, overbought daily Stochastic and the bearish sentiment viewn across the FX markets today, CHFJPY currency pair can be expected to fall to the next support level 182.00 (which stopped the previous waves a ,b and 4).
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