CHFJPY Technical Analysis Report 10 December, 2025
- CHFJPY broke daily down channel
- Likely to rise to resistance level 196.00
CHFJPY currency pair recently broke the resistance trendline of the daily down channel from November (which encloses the previous minor ABC correction ii, as can be viewn from the daily CHFJPY chart below) The price earlier reversed up from the support zone between the support level 1920.00 (former resistance from October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the earlier upward impulse from the begin of November. The active impulse wave 5 belongs to the extended intermediate impulse wave (3) from the begin of August.
Given strong daily uptrend and the bearish Yen sentiment viewn across the FX markets today, CHFJPY currency pair can be expected to rise further to the next resistance level 196.00 (which stopped the previous impulse wave 3).
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