#chfjpy #chf #jpy CHFJPY on the 1D shows a long impulsive structure that has now completed a five wave formation with the fifth wave forming a rising wedge pattern which usually indicates weakness in the bullish trend the chart highlights a possible reversal zone where the price has started dropping leaving a visible gap toward the lower support area this setup suggests that the market may attempt to fill the big gap as part of a corrective phase traders should watch the support region closely since a clear break below it could confirm the start of a deeper retracement while a strong rejection could lead to short term recovery before further downside continuation.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

CLOVER GOLD FX

USDJPY on the daily is approaching a critical technical decision area after completing a clean impulsive drive into long-term descending trendline resistance while riding the upper boundary of the rising channel from the B-wave low. Price has delivered a near textbook five-wave advance into this supply zone and is now showing signs of exhaustion with rejection wicks and loss of bullish momentum near the highs. This structure favors a corrective rotation back toward the channel base as profit taking and mean reversion pressure build. Unless price can hold above the trendline with strong continuation candles the higher probability remains a pullback phase targeting deeper liquidity below before any sustainable upside can resume.

CLOVER GOLD FX

AUDJPY 14H price is still moving inside a clean ascending channel showing that buyers remain in control but the recent reaction from the upper boundary signals short term exhaustion after the final push into resistance as momentum starts to fade and the structure hints at a corrective phase where price may rotate back toward the mid channel and possibly test the lower channel support since this area has repeatedly acted as a high probability reaction zone in the past while any failure to hold above the 50 percent channel could open the door for a deeper pullback toward channel support whereas bullish continuation will only be confirmed if price stabilizes after the pullback and then breaks and holds above the channel top showing renewed strength and trend continuation.

CLOVER GOLD FX