CHFJPY July Setup: Bearish Reversal Brewing from RSI Extremes

CHFJPY is setting up for a clean bearish reversal heading into July.

📌 Here's the breakdown using Vinnie’s Trading Cheat Code System:

✅ RSI OB Zone triggered – momentum stretched

✅ Trendline exhaustion forming near key resistance (~178.00)

✅ Waiting on Confirm Sell or MACD cross to validate entry

✅ First targets at 174.00 and 170.60 (prior demand zones)

The pair is showing signs of topping after a strong JPY selloff and CHF strength surge. If risk-off flows hit, CHFJPY could unwind fast.

Watching for lower timeframe triggers to scale in. Will update once confirmation hits.

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CC Trend Indicator

RSI OB/OS

MACD Momentum Roll

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