Ichimoku analysis (4-Hour chart)
Tenken-Sen- 116.81
Kijun-Sen- 116.75
CHF/JPY has shown a minor recovery after forming a bottom at 116.62. The slight weakness in the yen is supporting the pair at lower levels. USDJPY is trading higher, any convincing break above 104.40 confirms a bullish continuation. USDCHF has once again declined after hitting a high of 0.89187. Any jump above 0.8925 confirms a bullish continuation. The intraday trend of CHFJPY remains bullish as long as supports a 116.60 hold.
Technical:
The pair's strong resistance is at 117.76, violation above will take to the next level 118.05/118.60. On the lower side, near term support is around 117, and any indicative break below targets 116.60/116/115.84.
Indicator (4-hour chart)
CAM indicator –Neutral
Directional movement index – Neutral
It is good to buy on dips around 116.60 with SL around 116.20 for the TP of 118.60.


FxWirePro: USD/CNY hits 15-month low , scope for further downside
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
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
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 



