CHF/JPY Daily Price Forecast – 14th July 2025

Trend Analysis

• Overall Trend: The pair is in a strong uptrend. This is evident from the series of higher highs and higher lows, as well as the price consistently trading above both the yellow (likely 50-period) and red (likely 200-period) moving averages.

• Moving Averages:

  • The yellow MA (shorter period) is above the red MA (longer period), confirming bullish momentum.

  • Price is currently above both MAs, which often acts as dynamic support.

Key Levels

• Buy Stop: 184.951

• Take Profit (TP): 185.383

• Stop Loss (SL): 184.369

Support and Resistance

• Immediate Resistance: 185.383 (TP level, also recent swing high)

• Immediate Support: 184.369 (SL level, just below recent consolidation and above the yellow MA)

• Intermediate Level: 184.727 (minor resistance/support, possibly a recent high or low)

Trade Setup

• Entry: Buy Stop at 184.951, suggesting a breakout strategy above recent highs.

• TP: 185.383, targeting a new high or the next resistance zone.

• SL: 184.369, placed below the recent swing low and the yellow MA, providing a buffer against false breakouts.

Risk-Reward Ratio

• Risk: 184.951 – 184.369 = 0.582

• Reward: 185.383 – 184.951 = 0.432

• Risk/Reward Ratio: ~1.35:1 (risk is slightly higher than reward, but acceptable in a strong trend scenario).

Candlestick Structure

• Recent candles show bullish momentum with strong green candles, but also some consolidation near the highs, indicating a possible pause or minor pullback before continuation.

Moving Average Dynamics

• The yellow MA is acting as dynamic support, and price has recently bounced off it, which is a bullish sign.

• The red MA is far below, indicating the trend is well-established and not in immediate danger of reversal.

Potential Scenarios

• Bullish Continuation: If price breaks above 184.951, expect a move towards 185.383. The trend and momentum support this scenario.

• False Breakout: If price triggers the buy stop but fails to hold above 184.951, the SL at 184.369 will limit losses.

• Pullback: If price retraces to the yellow MA and holds, it could offer another buying opportunity.

Summary

• Bias: Bullish

• Strategy: Buy breakout above 184.951, targeting 185.383, with a stop at 184.369.

• Confirmation: The setup is supported by the strong uptrend, moving average alignment, and recent bullish price action.

• Caution: Watch for false breakouts and monitor price action near the entry level.