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Minor trend line support- 109.25.
Ichimoku Analysis (15 min)
Tenken-Sen- 109.381
Kijun-Sen- 109.38
CHFJPY formed a minor bottom around 108.67 and jumped more than 80 pips on the strong Swiss franc. Swiss Franc is trading higher against all major, especially USD on a slight increase in demand for Safe-haven assets.
The pair has broken significant intraday resistance 109.50 after long consolidation and this confirms minor bullishness. A jump till 110.10/110.35 is possible. The immediate support stands at 109.25 and breaks below will drag the pair down till 109/108.67.
It is good to buy on dips around 109.45-48 with SL around 109.20 for the TP of 110.15/110.35.
