Swiss Franc/Japanese Yen breaks above 0.618 Arc – Potential advance toward 190.60 [Video]

CHF/JPY: Arc cycle analysis™

Overview: Based on Arc Cycle Analysis applied to the 30m chart, Swiss Franc / Japanese Yen has broken above the 0.618 Resistance Arc within the current Arc Cycle. The breakout confirms a bullish shift in price structure and opens the potential for continued movement toward the primary price target.

Market outlook

Price has broken above the 0.618 Resistance Arc, confirming a bullish breakout within the current Arc Cycle. A sustained breakout above the Resistance Arc supports continued movement toward the primary price target at 190.60.

Conversely, sustained 30m closes back below 189.90 would invalidate the bullish breakout scenario