Major resistance - 110
CHFJPY is trading in a narrow range between 109.37 and 109.92 for the past three trading days. The pair has formed a minor bottom around 109.10 and shown a minor recovery of more than 80 pips. The jump was mainly due to strength in Swiss franc against all majors. USDCHF is declining after a jump to 0.9940 from a low of 0.9690. The middle east tension and global uncertainty have increased demand for Safe-haven assets.
Immediate near term resistance is around 110 and any violation above will take the pair to next level till 110.81 high made on Jul 1st, 2019. Any further jump till 111.14/111.31/112.16 can be seen only above this level.
On the flips side, the near term major support is around 109.50 (21-- day MA) and any violation below targets 109.10 (50- day MA)
It is good to buy above 110 with SL around 109.50 for the TP of 111.25/112.


FxWirePro- Major European Indices
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: EUR/AUD eases slightly but trend is still bullish 



