CHFJPY MARKET FORECAST According to my analysis of the CHFJPY H4 chart, the pair is currently trading at 199.189, showing a clear upward trend from early January to early February, followed by a recent bearish reversal. The chart highlights key zones, moving averages (red, blue, white), a support zone (blue shaded area), volume indicators, and the RSI(14) at 43.77. The primary support zone lies between ≈197.650 and 198.320, marked by the blue rectangle. This area has acted as a demand zone where buyers previously stepped in, providing a floor for the price. If the price breaks below this zone, the next support would be the lower trendline or previous lows around 196.315. Resistance is identified near the recent high of 202.990 and the upper moving averages (red & blue lines) around 201.655–202.325. The price has tested the 200.320 level (current moving average cluster) and failed to sustain above it, indicating it acts as a short‑term resistance. The volume indicator shows average volume of 5,915, with green bars indicating buying pressure and red bars selling pressure. The recent decline in price is accompanied by rising volume, suggesting strong selling momentum. A spike in volume at the resistance breakout would confirm a potential continuation, while low volume on a move indicates weak conviction. The RSI(14) is at 43.77, approaching oversold territory (
