CHF/JPY Bullish Rectangle Pattern (22.04.2026)

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CHF/JPY Bullish Rectangle Pattern (22.04.2026)Swiss Franc/Japanese YenFX:CHFJPYKABHI_TA_TRADINGCHFJPY Bullish Rectangle Pattern | Breakout Setup Toward 204.83 & 205.32 CHFJPY is currently forming a bullish rectangle pattern on the 30-minute chart, showing a healthy consolidation after a strong upward move. Price is holding above the cloud support zone, which keeps the bullish structure intact for now. CHFJPY Setup Overview After a sharp impulse move higher, price entered a sideways range, creating a rectangle formation. This kind of structure often signals continuation if buyers manage to push price above the range with strength. As long as price respects the lower boundary and cloud support, bulls remain in control. Support & Resistance Immediate Support: 203.90 zone Key Support / Cloud Support: 203.70 area 1st Resistance Target: 204.83 2nd Resistance Target: 205.32 A clean breakout and hold above the rectangle could open the path toward the marked resistance levels. Until then, this remains a breakout watch setup. Disclaimer: This is only a personal technical view for educational purposes, not financial advice. Always do your own analysis and manage risk properly before taking any trade. #CHFJPY #Forex #TradingView #TechnicalAnalysis #PriceAction #BullishPattern #RectanglePattern #JPY #CHF #DayTrading #SwingTrading #ForexTrading If you like this setup, don’t forget to like, comment, and support 🙌