Major Intraday resistance - 148.50
Intraday support- 147.35
CHFJPY recovered more than 100 pips on the weak Yen. It was one of the best performers in the past three months and surged over 1000 pips on the strong Swiss Franc. The escalation of Russia and Ukraine geopolitical tension and diminishing hopes of aggressive rate hikes by the Fed pushed the Swiss franc higher against the US dollar. Technically, in the 4-hour chart the pair trades above the short-term ( 21 EMA), below 55- EMA, and the long-term 200- EMA (147.47). CHFJPY hits an intraday high of 148.08 and is currently trading around 148.
CCI and Directional movement index analysis-
CCI (50) - Bullish
ADX - Bullish
Technically, near-term support is around 147.70, and any indicative break below will drag the pair down to 146.90/146/144.60/. The immediate resistance is at 148.20, and any clear violation above targets 149.10/150.
It is good to buy on dips above 147.70 with SL around 147 for a TP of 149..


FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 



