CHF/JPY Bullish Reversal from Demand Zone Eyes 201.30CHF/JPYOANDA:CHFJPYTrade_ActionCHF/JPY is showing signs of a bullish reversal after rejecting the major support zone around 200.10–200.20. The sharp recovery from this demand area suggests buyers have stepped back into the market, while the recent impulse indicates a potential continuation higher if key retracement levels hold. Market Structure Price previously broke lower from an Order Block (OB) and respected the bearish structure. A strong rejection from the major support has shifted short-term momentum in favor of buyers. The latest bullish impulse has created a potential higher low, increasing the probability of further upside. Entry Scenarios First Buy Entry: 200.42–200.50 Wait for a bullish rejection or confirmation candle within this retracement zone. Second Buy Entry: 200.16–200.26 A deeper pullback into the demand zone offers a better risk-to-reward buying opportunity. Bullish Targets 🎯 Target 1: 200.80 🎯 Target 2: 201.00 🎯 Final Target: 201.30 Invalidation A sustained close below 200.10 would invalidate the bullish setup and could expose CHF/JPY to further downside. Trading Outlook The overall outlook remains bullish as long as price stays above the 200.10 support zone. A healthy pullback into either highlighted entry area followed by bullish confirmation could provide an attractive long opportunity targeting 200.80, 201.00, and eventually 201.30.