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Ichimoku Analysis (Hourly chart)
Tenken-Sen- 0.9983
Kijun-Sen- 0.9974
USDCHF was trading higher for past five trading day and jumped nearly 100 pips from low of 0.99088 level. The pair hits high of 0.99933 and is currently trading around 0.99815.
The near trend line resistance is around 1.000 (trend line joining 1.01285 and 1.00749) and any break above targets 1.0068/1.0100. Overall trend reversal only above 1.01300.
On the lower side, near term intraday support is around 0.9970 and any break below will take the pair to next level till 0.9950/0.9900.
It is good to buy above 0.99950 with SL around 0.9950 for the TP of 1.01250.
