CHF/JPY Signals Start of a New Bearish Trend

In today’s technical outlook, we turn our attention to the Swiss Franc against the Japanese Yen, where early signs of a new bearish phase are emerging. The chart has recently highlighted weakness after the price slipped out of an upward channel, illustrated by the black lines. This development alone indicates that the prior bullish momentum has lost strength.

Adding to the downside picture, the pair also fell beneath a horizontal green support level that had held firm since mid-July. Breaking such a level often represents a key turning point, as it signals that buyers have surrendered control over an important area. As long as the price trades below this green zone, market sentiment remains bearish, supporting the idea of a fresh downward trend.

At this stage, the path of least resistance continues to point lower. Sellers hold the upper hand, and unless buyers swiftly push the price back above the broken support, additional declines appear likely.