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Ichimoku analysis (Hourly chart)
Tenken-Sen - 1.0047
Kijun-Sen - 1.0034
USDCHF is trading steady and holding well above 1.000 level. The pair hits high of 1.00617 and is currently trading around 1.00579.
Intraday trend remains bullish and jump till 1.00680 likely. A decisive break above 1.00680 confirms that major bullish trend has started after hitting low of 0.9186 on Feb 2018 and a jump till 1.0170/1.0340 is possible.
The minor intraday weakness can be seen below 1.00340 and any violation below targets 1.000/0.9960.
It is good to buy above 1.00680 with SL around 1.000 for the TP of 1.0170/1.0340.
Resistance
R1- 1.00680
R2 - 1.0170
R3- 1.0340
Support
S1- 1.00340
S2- 1.000
S3- 0.9960
