Ichimoku Analysis (Hourly chart)
Tenken-Sen - 116
Kijun-Sen- 116.07
CHF/JPY has shown a major sell-off in past two weeks and lost more than 200 pips. The pair hits low of 115.70 and shown a minor jump. It is currently trading around 116.09.
The near term minor resistance is around 116.10 (trend line resistance) and any break above targets 116.50/116.70 (200- H MA). Any close above targets 117/117.45.
On the lower side, major support is around 115.70 and any break below targets 115.
It is good to buy on dips around 116.05-08 with SL around 115.70 for the TP of 116.70/117.25.
