In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of CHFJPY. In which, the rally from September 2024 low is unfolding as an impulse sequence. Therefore, called for more upside to take place. We knew that the structure in the pair should remains incomplete & should see more upside. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
CHFJPY 4-Hour Elliott Wave Chart From 3.31.2026
Here’s the 4-hour Elliott wave Chart from 3.31.2026 update. In which, the rally to 204.01 high completed wave ((1)) & made a pullback in wave ((2)). The internals of that pullback unfolded as Elliott wave double correction where wave (W) ended at 199.47 low. Then a bounce to 202.49 high-ended wave (X) & started the (Y) leg lower towards 197.97- 195.18 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.
CHFJPY Latest 4-Hour Elliott Wave Chart From 4.20.2026
This is the latest 4-hour Elliott wave Chart from the 4.20.2026 update. In which the pair is showing a strong reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since than the pair has already made a new high above previous wave ((1)) high confirming the next leg higher towards 205.51- 207.92 initial target area before profit taking & next pullback unfolds.
Source: https://elliottwave-forecast.com/bluebox-wins/chfjpy-achieves-new-highs-blue-box/