Coming soon- a bearish trend in CHFJPYSwiss Franc vs Japanese YenICMARKETS:CHFJPYTranquilo1154Overview Some of the JPY crosses such as AUDJPY, EURJPY and USDJPY have been consolidating but it is CHFJPY that gives me the best clarity on what may happen next. A rectangular consolidation structure often appears preceding a trend reversal and we have been seeing such structure developing in CHFJPY since early Feb 2026. Looking at recent price action within this consolidation, I get the sense that price may be starting to favor the downside now. I have no idea when/if such a change will take place but if my analysis is correct, I want to be alert to take advantage of that. Trade parameters Entry – Wait for a break down out from the consolidation structure and a pullback. Confirming the next direction using a candlestick or chart pattern would be ideal. Stop – above the breakout level and the 50ema would be advisable. Target(s) – Depends on your trading style, from a swing trading perspective, the 190 area would be my 1st target and further review if price action shows continued momentum. General comment These are not normal times and the situation in the middle-east continues to be uncertain and unpredictable. The BOJ had been intervening in the yen pricing too, so risk and money management is vital. This is not a trade recommendation