Here is the useful abbreviation for technical analysis of the CHFJPY pair based on the chart Technical model: The analysis is based on the Wolfe Waves purchasing model, consisting of 5 numbered waves. Current mode (wave 5): The price is now at the fifth and final wave, which is the ideal buying zone. Blue Zone: Represents a strong demand and support area (between 199.000 and 199,500) exactly matches the end of the model to prevent the price from falling further. Expected movement: A slight fluctuation within the blue zone to collect momentum (as the black zigzag line shows), followed by an upward and strong price explosion. Goal: A large rise aimed at breaking through previous peaks and reaching levels close to 203.500+ (extension of the line between points 1 and 4). Conclusion: Analysis is likely to buy (a bull deal) from current levels.