CHF/JPY price outlook: Swiss Franc/Japanese Yen pressing against 0.786 support arc

Mohamad Gharib Independent Analyst

Swiss Franc/Japanese Yen (CHF/JPY): Arc cycle analysis

Overview: Based on Arc Cycle Analysis applied to the 4h chart, Swiss Franc/Japanese Yen is interacting with the 0.786 Support Arc within the current Arc Cycle. Price is testing this Support Arc, suggesting the potential for a bearish breakdown toward the next Support Arc.

Metric	Reading
Market Bias	Neutral-Bearish
Preferred Scenario	Two-Way Navigation Within the Current Arc Range
Target Arc	1 (100%) Arc
Potential Interim Move	A move toward the upper Arc may occur before bearish continuation.
Current Arc Level	Support Arc (0.786)
Cycle Status	Mid-Cycle Migration Phase

Market outlook

Price is testing the 0.786 Support Arc, where continued selling pressure may result in a breakdown toward the next Support Arc. A sustained breakdown below the Support Arc would support continued movement toward t189.10 price.

Conversely, failure to achieve a sustained 4h close below the Support Arc or a close above 189.90 would invalidate the bearish breakdown scenario and could shift the outlook back toward the upper Resistance Arc.

Author

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

AUD/USD extends the range play above 0.7200 as traders await US inflation data

AUD/USD is seen extending its consolidative price move above 0.7200 during the Asian session on Thursday amid mixed cues. Rising RBA rate-hike bets keep the Aussie close to its highest level since May 14. However, hawkish Fed expectations and escalating US-Iran tensions offer some support to the US Dollar, capping the currency pair as traders await US inflation figures.

USD/JPY consolidates around 153.50 as bears turn cautious ahead of US inflation

USD/JPY stabilizes above 153.50 during the Asian session on Thursday, but remains near a seven-month low set earlier this week as hawkish BoJ repricing continues to underpin the Japanese Yen. Meanwhile, rising September Fed rate-hike bets and escalating US-Iran tensions help ease US Dollar selling pressure, offering some support to the currency pair ahead of US inflation figures.

Gold sticks to gains, eyes $4,450 as USD remains depressed ahead of US inflation data

Gold turns higher following an intraday dip to sub-$4,400 levels, and moves further away from a one-week low touched the previous day. The commodity, however, remains below the $4,450 pivotal point as bulls seem hesitant ahead of US inflation figures. The US Producer Price Index report will be published later today, while the US Consumer Price Index is due on Friday.

Raydium's rally signals trend reversal amid network growth, buyback

Raydium maintains a firm bullish tone, posting nearly 9% gains, and extending its 41% rally from Sunday. Solana-based Decentralized Exchange is witnessing a surge in network activity and growth amid new token launches. The technical outlook for Raydium signals a potential upside toward $1.50 as momentum holds firm despite overbought conditions.

European Central Bank to resume interest rate hikes in September as inflation, energy risks rise

The European Central Bank is expected to raise the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points to 2.65% and 2.50%, respectively. The ECB will announce the decision on Thursday at 12:15 GMT.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.