Thursday, October 15, 2026

Technicals

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FxWirePro: CHF/JPY trades below trend line support, dip till 108.60 likely

Major support - 110.20 (trend line joining 102.89 and 104). CHF/JPY continuously showing weakness for the past twenty days and has broken major trend line support at 110.20 yesterday. Short term trend is still weak as lo…

By FxWirePro Team
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FxWirePro: CHF/JPY trades below trend line support, dip till 108.60 likely
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  • Major support - 110.20 (trend line joining 102.89 and 104).
     
  • CHF/JPY continuously showing weakness for the past twenty days and has broken major trend line support at 110.20 yesterday.
     
  • Short term trend is still weak as long as resistance 111 (support turned into resistance) holds.
     
  • Any break above 111 will take the pair till 112.25 (55- day EMA)/112.55 (61.8% retracement of 114.30 and 109.67)/113.
     
  • On the lower side, break below 110.20 confirms minor weakness, decline till 109 (200- day MA)/108.60 (50% retracement of 101.73 and 115.51)/108.

    It is good to sell on rallies around 110.20 with SL around 111.10 for the TP of 108.60/108.

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