Ichimoku analysis (1-hour chart)
Tenken-Sen- 117.52
Kijun-Sen- 117.66
As per our analysis, CHF/JPY is trading weak and lost more than 150 pips from the temporary top 118.85. The weakness in the Swiss franc is putting on this pair at higher levels. USDCHF is holding above 0.9000 level, any violation above 0.9045 confirms bullish continuation. USDJPY recovered sharply but holding below 106 level despite rising US bond yield. The intraday trend of CHFJPY remains bearish as long as resistance 118.10 holds.
Technical:
The pair's strong resistance is at 118.10, violation above will take to the next level 118.85/119.82 (161.8% fib). On the lower side, near-term support is around 116.90, and any indicative break below targets 116.59/116.
Indicator (60 min chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 117.75-80 with SL around 118.85 for the TP of 116.


FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro- Major Crypto levels and bias summary
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Woodies pivot (Major)
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line 



