CHFJPY – Elliott Wave 5 Exhaustion with RSI DivergenceCHF/JPYOANDA:CHFJPYAkhrorkhonCHFJPY – Wave 5 Completion + Bearish Reversal Setup The pair has completed a clean 5-wave impulsive structure inside a rising channel. Price is currently rejecting the upper boundary of the long-term trend channel, suggesting that Wave (5) may be finalized. 🔹 Technical Signals Wave (5) has reached the top of the channel — a high-probability reversal zone. A smaller internal channel break is forming, indicating weakening bullish momentum. RSI shows clear bearish divergence while price made a new high, confirming exhaustion of buying pressure. The structure aligns with the end of an extended move, increasing the probability of a corrective decline. 🔻 Expected Move A corrective drop toward the mid-channel support is likely. If the smaller trendline breaks, sellers may push the price deeper into a standard Wave A/B/C correction. 🎯 Targets 1st Target: Mid-channel zone 2nd Target: Lower channel support area 📌 Outlook Unless price breaks above the channel with strong momentum, the bias remains bearish from this level. The confluence of: channel resistance, completed Elliott Wave cycle, bearish RSI divergence, makes this a strong reversal setup.