Ichimoku Analysis (4-hours chart)
Tenken-Sen- 113.34
Kijun-Sen- 113.35
CHFJPY has recovered more than 100 pips on the strong Swiss franc. USDCHF hits 10-week low and broken significant support 0.9500. This confirms weakness, a dip till 0.9390 likely.
The pair has shown a slight decline below 200- H MA and shown a jump to 113.63. Any indicative break above 113.63 will take the pair to next level till 114/114.60. The next major support to be watched is 112.50 and break below that level targets 112/112.60. Extreme bearish trend continuation only below 111.60.
It is good to buy on dips around 113 with SL around 112.50 for the TP of 114.55
