CHFJPY Bearish Channel Breakdown Toward Demand ZoneCHF/JPYOANDA:CHFJPYAlpha_Trade_ScopeCHFJPY is trading inside a clear descending channel after failing to maintain bullish momentum near the recent highs. Price is currently moving below the Ichimoku cloud resistance, signaling increasing bearish pressure and weakening buyer control. The rejection from the upper channel boundary confirms a continuation of the short-term downtrend. If sellers remain dominant, the pair could continue declining toward the marked support and demand zone below. The highlighted demand area around 201.20–201.30 will be a key region to watch for potential reaction or reversal. **Targets:** 🎯 **1st Target:** 201.839 🎯 **2nd Target:** 201.271 📉 Bearish bias remains valid while price stays below the descending channel resistance and Ichimoku cloud.