Ichimoku analysis (Daily chart)
Tenken-Sen - 112.96
Kijun-Sen - 112.65
CHF/JPY recovered almost more than 50 pips yesterday. The pair continues to trade higher for second consecutive days and broken high of 113.32 made yesterday and jumped till 113.50.This shows that pair formed minor bottom around 112.19 and a further weakness only below that level. It is currently trading around 113.30.
On the lower side, near term support is around 112.65 (daily Kijun-Sen) and any daily close below targets 112/111.55.
The near term resistance is around 113.75 and any break above targets 114/ 1.
It is good to buy on dips around 113 with SL around 112.65 for the TP of 113.75.
