Ichimoku Analysis (Hourly chart)
Tenken-Sen- 114.26
Kijun-Sen- 113.93
CHFJPY has recovered sharply from minor bottom 113.27 level on slight bullishness in the Swiss franc. USDCHF halted its 2- weeks of the bullish trend and started to decline as the dollar falls on the global stock market rebound. The pair hits an intraday high of 114.50 and currently trading around 114.43.
The pair is holding above 200- H MA at 114.25 and this confirms minor bullishness. A jump till 115/115.32/116 is possible. On the lower side, near-term intraday support is around 113.90, violation below will drag the pair down till 113.10/112.
It is good to buy on dips around 114.15-20 with SL around 113.60 for the TP of 115.95.
