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  • CHF/JPY bulls still intact and go for a restest of a bullish continuation.  
  • Bulls are supported by the bullish 21 EMA  on the 4-hour charts.  

Further to the prior analysis, CHF/JPY Price Analysis: Bulls testing the bearish commitments and eye a break of the 4-hour 21 EMA, the price action has been constructively bullish as forecasted.  

Prior analysis, daily and 4-hour charts  

”The bulls are taking on the bearish commitments at this juncture and the price action can be viewed from a 4-hour vantage point as follows:”

4-hour chart

Live market, 4-hour chart

The price attempted the upside, as illustrated in the above prior’s analysis and forecast.

However, following a significant impulse, from which traders should  have enjoyed as a  breakeven scenario if applying  a trailing stop loss, the price fell to test bullish commitments.  

Indeed, the bulls have committed at a discount and continue to target the daily continuation and fresh highs.