Ichimoku analysis (Weekly chart)
Tenken-Sen- 117.50
Kijun-Sen- 116.07
CHF/JPY recovered more than 80 pips after 3 weeks of a bearish trend. The weakness in the yen against all major due to the surge in US bond yield is supporting a pair at lower levels. But the jump in USDCHF is preventing the CHFJPY from further upside. USDCHF hits a 5-month high on broad-based US dollar buying, a jump till 0.9465 likely. The overall trend of CHFJPY remains bearish as long as resistance 118.80 holds.
Technical:
The pair's strong support is at 116.21 (21 W MA). Any weekly close below confirms bearish continuation, a dip till 115.42/115/114.77 is possible. On the higher side, near-term support is around 117.20 (7- W EMA), and any indicative break above targets 117.45/117.76/118/118.85.
Indicator (Weekly chart)
CAM indicator – Neutral
Directional movement index – Neutral
It is good to sell on rallies around 117.20-25 with SL around 117.85 for TP of 115.35.


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro- Major Crypto levels and bias summary 



