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Ichimoku Analysis (Hourly chart)
Tenken-Sen - 112.83
Kijun-Sen - 112.72
CHFJPY has halted its weakness around 111.59 and shown a 200 pips jump from that level. It hits high of 113.70 and shown a minor selling from that level. It is currently trading around 112.83.
The near term minor trend line resistance is around 113 and any break above confirms bullishness and jump till 113.70 likely. Any further bullishness only above 113.70.Any break above 113.70 targets 114.25/114.55.
On the lower side, near term support is around 112.40 and any break below targets 112/111.50.
It is good to buy above 113 with SL around 112.70 for the TP of 113.70/114.25
