CHF/JPY give me forecast and analysis for the next 6 hours

The CHF/JPY currency pair is currently experiencing a period of volatility, influenced by a combination of factors including Japanese monetary policy, Swiss economic indicators, and geopolitical dynamics. Here's a detailed analysis and forecast for the next six hours:

1. **Recent Trends and Influencing Factors**:
- **Japanese Monetary Policy**: The Bank of Japan's (BoJ) increasing policy rates are causing the JPY to strengthen, putting downward pressure on the CHF/JPY pair.
- **Swiss Economic Indicators**: The Swiss National Bank's (SNB) rate cut to 1% may result in a weak CHF, although the SNB's decision to cut rates since March 2024 may have already been priced in.
- **Geopolitical Tensions**: The ongoing geopolitical tensions in the Middle East could lead to increased safe-haven flows, benefiting the JPY.
2. **Technical Analysis**:
- **Chart Patterns**: The pair is trading below the 50-day moving average, indicating a bearish trend. However, the Relative Strength Index (RSI) is in oversold territory, suggesting a potential for a bounce-back.
- **Support and Resistance Levels**: The immediate support level is at 172.00, and the resistance level is at 174.00. The pair is also trading below the 200-day moving average, which could act as a resistance level.
3. **Short-Term Forecast**:
- **Bullish Potential**: The oversold condition indicated by the RSI suggests that the pair may be due for a correction or bounce-back.
- **Bearish Threats**: However, the bearish trend indicated by the price action and the consolidation below key moving averages suggests ongoing downward pressure.
4. **Analysis in the Next Six Hours**:
- **Immediate Focus**: Traders should monitor the 172.00 support level for any signs of holding or breaking. If the support level holds, there may be a short-term bounce-back.
- **Traders should also watch** for any updates on Japanese monetary policy or Swiss economic indicators that could influence the pair's movement.

In conclusion, while the oversold condition indicated by the RSI suggests a potential for a short-term bounce-back, the bearish trend indicated by the price action and the consolidation below key moving averages suggests that the CHF/JPY pair may continue its downward trajectory in the immediate future. Traders should exercise caution and consider these factors when positioning their trades.