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Trader Journals:::2026-04-07T05:21:32

CHF/JPY

CHF/JPY, Tuesday, April 7, 2026

CHF/JPY

The CHFJPY currency pair yesterday managed to establish a positive daily trend by breaking through the 200.000 resistance area. On the H4 timeframe this afternoon, the candle appears to be swinging at the 199.810 level, held back at the dynamic EMA21 blue line intersection with the EMA50 purple line below the dynamic EMA200 orange resistance line. The bullish technical support direction is also evident in the CCI14 indicator, which is currently still rising away from the neutral zero line. In general, the trading plan to SELL CHFJPY for today will be a profitable trading choice, by placing a stop loss at the 200.500 resistance area near the EMA200 and a take profit target at the lower 197.500 area.
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