CHFJPY has rebounded strongly from a critical horizontal support and weekly demand zone, signaling a potential bullish reversal. Last week's price action saw a decisive bounce off the bottom, reinforced by a reversal candle on the lower timeframe—an early indication of renewed buying pressure. If momentum sustains, we could see a push toward the key resistance zone, where the previous sell-off initiated. A break above this level could open the door for further upside, while failure to hold gains might invite another test of support. Monitoring volume, price action confirmations, and macroeconomic factors will be key in assessing the trade’s strength.
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