Ichimoku analysis (15 min chart)
Tenken-Sen- 116.66
Kijun-Sen- 116.62
CHFJPY has taken support near 200-15 min MA and showed a minor jump of more than 25 pips The jump mainly due to pullback in USDJPY from a low of 103.67. The pair should close above 104 for a jump to 104.75. USDCHF's intraday bullishness above 0.8920 level. The Intraday trend of CHFJPY is still bullish as long as support 116 holds.
Technical:
It is facing strong resistance around 117, any indicative break above will take the pair to next level 117.30/118. On the lower side, near term support is around 116.45, and any indicative break below targets 116/115.50/115/114.75.
Indicator (Daily chart)
CAM indicator –Bullish
Directional movement index –bullish
It is good to buy on dips around 116.50 with SL around 115.80 for the TP of 117.80.
