CHF/JPY - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
✅ Daily Trendline Resistance - Price remains below the descending trendline. (+2)
✅ 4HR Support Holding - Weak price movement near support, indicating possible breakdown. (+1)
✅ Momentum Weakness - Lack of strong bullish candles suggests sellers are in control. (+1)

🔻 Total Bearish Score: 6

📰 Sources:
Trendline & Price Action - XTB
Moving Averages & Weak Momentum - IFC Markets

📈 Bullish Bias

✅ Breakout Potential - If price breaks the trendline, it may follow the weekly trendline upwards. (+2)
✅ 4HR Support Zone - Buyers defending the 165.550 level, keeping price stable. (+1)

🔹 Total Bullish Score: 3

📰 Sources:
Breakout & Weekly Trendline - RoboForex

📊 Sentiment & Market Factors
📉 BOJ Hawkish Outlook (- Bearish) - Bank of Japan signals potential rate hikes, strengthening JPY. Source
📈 Swiss Economic Stability (+ Bullish) - CHF remains supported due to safe-haven demand. Source
📉 Risk-Off Sentiment (- Bearish) - Global uncertainty driving investors into JPY as a safe-haven. Source

📌 Final Bias: Strong Bearish (Score: 6 vs 3)

📢 💡 Trade Idea: Look for Sell Setups on a confirmed breakout and retest of support.