Ichimoku analysis (Hourly chart)
Tenken-Sen - 112.59
Kijun-Sen - 112.45
CHFJPY is consolidating after hitting high of 112.76. The pair has shown a minor dip till 112.22 and is trading around 112.59.
The pair made intraday high of 112.68 and declined sharply from that level. It should break above 112.70 minor trend line resistance for minor bullishness.
Any break above 112.70 will take the pair to next level till 113.09 (23.6% fib)/113.45/113.70/114.80. Minor trend reversal level is 113.70.
The near term major support is around 112 and any violation below targets 111.55.
It is good to buy on dips around 112.35-40 with SL around 111.70 for the TP of 114.80
