Ichimoku analysis (4-Hour chart)
Tenken-Sen- 118.23
Kijun-Sen- 118.19
CHF/JPY recovered more than 50 pips after hitting a low of 117.83 on broad-based Swiss franc buying. USDCHF is trading weak for the past two weeks and lost nearly 350 pips. The strength in Yen due to selling in Bond yield is preventing the pair from further upside. USDJPY has taken support near 55-day EMA and shown a minor recovery. The intraday trend of CHFJPY is neutral as long as support 117.60.
Technical:
The pair's strong support is at 118, any break below confirms minor weakness, and a dip till 117.60/117.20/116.90/116.09 likely. On the higher side, near-term resistance is around 118.85 (Feb 17th high), and any indicative break above targets 119.60/120.40.
Ichimoku Analysis- The pair is trading above4- hour Kijun-Sen, Tenken-Sen, cloud, and 200-MA.
Indicator (4-Hour chart)
CAM indicator – Slightly Bullish
Directional movement index – Neutral
It is good to sell on rallies around 118.25-30 with SL around 118.85 for a TP of 117.


FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
ETHUSD Dip: Prime Buy Zone to $3600 Targets
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro-Major European Indices
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 



