CHFJPY: Ascending Triangle Signals Bullish Continuation

CHFJPY is showing signs of strength after recovering sharply from the recent sell-off. Price has formed an ascending triangle on the 1H timeframe, a pattern that often precedes bullish continuation movement.

The immediate focus is on the horizontal resistance. A confirmed close above this level would signal that buyers have regained control and could open the door for a move toward the next liquidity zones.

The first upside objective sits at 195.60, where previous supply may trigger a short-term reaction. If bullish momentum remains intact, the next target comes in around 196.15, aligning with the next major resistance area.

Targets:
🎯 Target 1: 195.60
🎯 Target 2: 196.15

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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