Ichimoku Analysis (4 Hour chart)
Tenken-Sen- 120.95
Kijun-Sen- 120.54
CHFJPY continues to trade higher on board-based Swiss franc buying. The surge in coronavirus across the globe has increased demand for safe-haven assets like the Swiss franc. USDCHF hits a one-month low, any breach below 0.90390 will drag the pair to 0.8925. USDJPY lost more than 50 pips on declining UIS bond yields.CHFJPY hits an intraday high of 121.17 and is currently trading around 121.14.
Technically, near-term support is around 120.80 and any indicative break below will drag the pair down till 120.40/120/119.60.
The immediate resistance is at 121.20, any convincing break targets 122/123.
It is good to buy on dips around 120.75-80 with SL around 120.30 for the TP of 122
Resistance
R1- 121.20
R2- 122
R3-123
Support
S1-119.65
S2-119
S3-118.65


FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: GBP/NZD gains some ground but bias is still bearish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 



