Intraday trend – Bullish
Major intraday resistance – 126
The pair has formed a double bottom around 123.50 and shown a nice pullback. The jump was mainly due to board-based Swiss franc buying. The minor strength in yen is preventing the pair from further upside. The yen was one of the worst performers the previous month on the hawkish US-fed monetary policy. CHFJPY hits an intraday high of 124.55 and is currently trading around 124.46.
Technical analysis-
CHFJPY is trading above 21 and 55 4H EMA (124.28 and 124.03) and hovering around 200-4H EMA (124.486).
The near-term resistance is around 124.55, any breach above targets 125/125.70//126.30/127.10. The minor support to be watched is 124.60; the violation below will drag the pair down to 124/123.
Indicators (4-hour chart)
Directional movement index – Neutral
CCI (50) – Bearish
Woodies CCI- Bearish
It is good to buy on dips around 124.25-30 with SL around 123.70 for a TP of 126.


GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro- Major Pair levels and bias summary 



