Ichimoku analysis (Daily chart)
Tenken-Sen - 113.09
Kijun-Sen - 112.70
CHF/JPY is trading for the 3rd day after a minor 80 pips jump from low of 112.45. Short term trend is weak as long as resistance 113.25-113.36 holds. The pair hits low of 112.49 and is currently trading around 112.61.
On the lower side, near term support is around 112.45 (100- day MA) and any break below targets 112/111.55.
The near term resistance is around 113 and any break above targets 113.25-113.36 (55 day EMA and 89 day EMA).
It is good to sell on rallies around 112.75-80 with SL around 113.30 for the TP of 111.55
