Technicals

Add as a preferred source on Google

FxWirePro: CHFJPY Daily outlook

Ichimoku Analysis (4-hour chart) Tenken-Sen- 116.09 Kijun-Sen- 116.09 CHFJPY jumped more than 80 pips for the day on strong Swiss Franc. USDCHF was trading extremely weak on broad-based US dollar selling. Any major trend…

1 min read
FxWirePro: CHFJPY Daily outlook
Image from the original EconoTimes article

Read the original article

Ichimoku Analysis (4-hour chart)

 

Tenken-Sen- 116.09

 

Kijun-Sen- 116.09

 

CHFJPY jumped more than 80 pips for the day on strong Swiss Franc. USDCHF was trading extremely weak on broad-based US dollar selling. Any major trend reversal only above 0.9200 level. The US dollar index has fallen sharply after an optimistic comment from ECB President.

 

On the lower side, near-term intraday support is around 116.50 and any close below will drag the pair down till 116/115.15/114.27/113. The next primary resistance to be watched is 117.35 and break above that level targets 118/118.62.

 

It is good to buy on dips around 116.60 with SL around 116. for the TP of 118.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560