Ichimoku Analysis (Daily chart)
Tenken-Sen- 115.27
Kijun-Sen- 115.85
CHFJPY has formed almost a double bottom near 113.60 and shown a minor jump. The pair is facing minor resistance around 114.25 (55- day EMA) and any violation above targets 114.69 (23.6% fib)/115.25 (10-day MA)/115.80.
The near term major support is around 113.60 (89- day EMA) and any break below targets 112.75 (200- day MA). Any break below 112.75 targets 112.
It is good to buy on dips around 113.85-90 with SL around 113.50 for the TP of 115.
R1- 114.25
R2 - 114.69
R3- 115.25
Support
S1- 113.60
S2- 112.75
S3- 112
