CHFJPY banging into 192.15 resistance, are we rolling over here?

Greg Sterling 18

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Oct 24, 2026
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Hey everyone, just looking at the charts and noticed CHFJPY getting smacked right off that 192.15 resistance zone. Ngl, confluence is looking pretty heavy up there with the upper daily Bollinger Band capping the move too, not to mention it lines up with former support from August that held up wave iv back in September. Order flow up near these highs looks like it's drying up fast and sellers are stepping in to lean on it. If this rejection holds, I'm eyeing that 192.15 area as a solid line in the sand for shorts targeting a drop down to 189.50 support. Anyone else watching this cross pair right now? Wondering if we are about to see a clean sweep down to the lower bands or if this is just a quick scalp before another leg higher. What's your take on the short-term trend here?
 
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