Swiss Franc was trading slightly higher against all majors as increased demad for safe haven demand asset. US trade war with other major economies is supporting price of CHF.USD/CHF has shown a minor correction of more t…
Swiss Franc was trading slightly higher against all majors as increased demad for safe haven demand asset. US trade war with other major economies is supporting price of CHF.USD/CHF has shown a minor correction of more than 50 pips after a jump till 0.99923 yesterday.
CHFJPY breaks minor trend line resistance at 111.25 and hits intraday high of 111.45. Intraday trend is bullish as long as support 110.80 (200- H MA) holds. Any hourly close below 110.80 will drag the pair down till 110.30/110.15.
The near term resistance is around 111.50 and any violation above targets 112/112.20.
It is good to buy on dips around 110.95-111 with SL around 110.70 for the TP of 112/112.20
