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Ichimoku analysis (Daily chart)
Tenken-Sen - 113.02
Kijun-Sen - 112.70
CHF/JPY is trading flat after two days of continuous upside. It hits high of 113.85 and is currently trading around 113.75. The pair is holding above 113.75 high made on Nov 7 and this confirms minor bullishness.This shows that pair formed minor bottom around 112.19 and a further weakness only below that level.
The pair is facing strong resistance around 113.85 and any break above targets 114.25/114.80 (50% fib).
On the lower side, near term support is around 113.25 (89 day EMA) and any daily close below targets 112.70/112.19.
It is good to buy on dips around 113.40-45 with SL around 113 for the TP of 114.80.
