Overall trend : Bullish
Ichimoku Analysis (daily chart)
Tenken-sen- 114.02
Kijun-Sen- 113
Trend reversal level (intra day)- 115.30
CHF/JPY has taken support exactly at Tenken-sen and shown a good jump of 90 pips. The pair hits high of 114.94 and is currently trading around 114.78.
On the lower side, near term intra day support is around 114.64 and any break below will drag the pair to next level till 114.21/114. Any break below Tenken-Sen will drag the pair to next level till 113.
The near term major resistance is around 115.30 high made on Aug 30th 2018 and any break above will take the pair to next level till 116/116.50.
It is good to buy on dips around 114.55-60 with SL around 114 for the TP of 116/116.50.
Resistance
R1- 115.30
R2 - 116
R3- 116.45
Support
S1- 114.65
S2- 114.21
S3- 114
