Ichimoku Analysis (1-hour chart)
Tenken-Sen- 115.21
Kijun-Sen- 115.11
CHFJPY continues to trade weak after a minor pullback till 115.46 levels. The strength in the yen against all majors due to an increase in demand for Safe-haven assets. USDJPY breaks yesterday's low of 104.53, any break below 104.18 confirms a bearish continuation.
On the lower side, near-term intraday support is around 114.75, violation below will drag the pair down till 114.27/113. The next prime resistance to be watched is 115.50 and break above that level targets 116/116.70.
It is good to sell on rallies around 116 with SL around 116.80 for the TP of 113.
