CHFJPY is showing a potential reversal from a well-defined demand zone (highlighted in green). Price has bounced strongly after forming a base around the 173.000 area and is now pushing upward with bullish momentum. If this move holds above minor resistance near 173.600, we could see a rally toward the key horizontal resistance level at 175.164.
🟢 **Bullish Bias**: Rejection from demand zone + bullish structure forming.
🎯 **Target**: 175.164 resistance zone.
📉 **Invalidation**: Break and close below 173.000.
Keep an eye on volume and price action confirmation for entries—momentum looks promising!
🟢 **Bullish Bias**: Rejection from demand zone + bullish structure forming.
🎯 **Target**: 175.164 resistance zone.
📉 **Invalidation**: Break and close below 173.000.
Keep an eye on volume and price action confirmation for entries—momentum looks promising!
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