CHFJPY Wave Analysis – 7 September 2026

CHFJPY: ⬇️ Sell

– CHFJPY broke support zone

– Likely to fall to support level 189.50

CHFJPY currency pair recently broke through the support zone between the support level 192.55 (low of the impulse wave 5 from July) and the support trendline of the weekly down channel from April.

The breakout of this support zone accelerated the active impulse wave 3 that belongs to the sharp intermediate impulse wave (C) from the end of August.

Given the strong daily downtrend and bullish yen sentiment seen today, CHFJPY cryptocurrency can be expected to fall to the next support level 189.50 – target for the completion of the active impulse wave (C) .