Overall trend : Bullish
Candle stick pattern- Three white soldiers (daily chart)
Ichimoku Analysis (hourly chart)
Tenken-sen- 112.92
Kijun-Sen- 112.77
Trend reversal level (intra day)- 113.26
CHF/JPY is continuously trading for past 4 trading session and jumped more than 200 pips from the low. It hits high of 113.19 at the time of writing. It is currently trading around 113.15.
Any break above major resistance 113.26 will take the pair to next level 113.48/114/114.45.
On the lower side, any violation below 112.77 will the drag the pair to next level till 112.33 (90- H EMA)/112.
It is good to buy on dips around 112.95-113 with SL around 112 for the TP of 114.45.
Resistance
R1- 113.48
R2 - 114
R3- 114.45
Support
S1- 112.77
S2- 112.33
S3- 112
