FX.co ★ rferry | CHF/JPY

Currency pair CHFJPY - W1 chart. Here we can see that throughout the past year of 2025, the price of this currency pair was in an uptrend, and the beginning of this year as well. However, it seems like this growing trend has slowed down and is even attempting to develop a downward correction. The long ascending channel has been successfully broken, indicating a significant correction. Additionally, bearish divergence is observed on the MACD and CCI indicators. Considering the long upward movement with minimal pullbacks, these signals suggest a good chance for a positive outcome. Fibonacci levels can be used as targets, as there is not much else to use as targets here. By applying a Fibonacci correction sequence to the entire growth starting from the beginning of 2025, it is evident that there is room for price to reach the minimum target level of 23.6, and potentially up to the level of 38.25. Even on the monthly chart, there is bearish divergence on the MACD indicator, although its effectiveness remains uncertain. However, there are doubts due to the very stable upward trend with pairs involving the Japanese currency. It seems that this is related to the actions of the Bank of Japan, where for some reason a weak yen is beneficial. There is information that the Japanese are the most skilled speculators and make a significant part of the budget on speculations. It is likely that this growth is not yet over, with no end or limit in sight, especially from the top. It is possible that this downward pullback from exiting the stable upward channel will simply be a trap for sellers. They might create some sideways movement with a simulation of decline and then resume the upward trend, which is quite possible. In general, such pairs can be considered exotic and quite specific to work with, requiring experience to trade them. The movements are not as systematic as with the usual major pairs. Currently, the price is stuck near the top, contemplating the next move. If it breaks above, I still expect a continuation of the decline, it's about time. Especially since a new month has recently begun.