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Ichimoku Analysis (4 hours chart)
Kijun-Sen- 110.11
Tenken-Sen- 109.73
CHFJPY has shown a minor recovery from 109.12 and jumped till 110.34.The pair is facing strong resistance near trend line and any bullishness only above that level. CHF was trading weak against all majors especially with USD. Any violation above 1.0010 confirms further bullishness.
On the lower side, near term support is around 109.70 and any violation below targets 109.15/108.69.
The near term resistance is around 110.35 and any violation above will take the pair to next level till 110.77/111.25.
It is good to sell on rallies around 110.10-15 with SL around 110.65 for the TP of 108.70.
