CHF/JPY Trading Analysis (22/08/2025)
The trend is descending. The currency pair is trading within the range of 365 and 135 EMAs. Bulls have tested the resistance level of 183,630. The upward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator and a signal of an overbought condition on the Stochastic Oscillator.
Trade idea:
- Sell when the descending wave structure begins to form.
- Stop-loss at 183.630.
- Price targets are 182.800 and 182.100.
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