Ichimoku Analysis (Daily chart)
Tenken-Sen- 112.44
Kijun-Sen- 112.80
CHFJPY continues to trade lower for the past 2 weeks and lost more than 400 pips. It hits low of 110.05 and is currently trading 2-year low at 0.91823.
Technically, immediate resistance is around 111 and any violation above will take the pair to the next level till 111.35-111.50. Bullish continuation only if pair breaks 112.30.
On the flip side, near term support is at 110 and any break below targets 109/108.
It is good to buy on dips around 110 with SL around 109 for the TP of 1112.
