It has been a strong uptrend for dollar against Swiss franc for last one month or so.
These upswings are in conformity with volumes actions.
Today the pair has been able to bounce above to touch resistance 1.0232 levels but rejected above channel line at the same levels.
Currently, it is jumping to clear that resistance with rising volumes.
The spot prices on weekly chart have bounced way above 10DMA curve, this would signal us that the prevailing bullish trend to sustain further for some more weeks.
While RSI has been converging these price spikes, the current RSI on weekly chart is trending at 66.0354.
To confirm this bullish view, slow stochastic curves has approached above 80 levels but no trace of clear %D crossover which is again good signs for bulls.
On daily terms, despite the robust bullish sentiments, there has been a tug war between bulls and bears, but bears have been well leading the show as there are adverse indications.
However, this disparity could be interpreted as bears are generating good opportunities again. So buying one touch delta calls at every dips would be the trading idea for the day targets about 40-45 pips.


GBPJPY Coils in Tight Range Above Bullish EMA Stack; Dip Buyers Target 216–217 Breakout
AUDJPY Pares Gains as Soft Australian CPI Cools Rally; Bulls Circle Key Dip-Buying Zone at 113.40
FxWirePro- Major European Indices
FxWirePro: GBP/USD slips lower as markets struggle to read U.S.-Iran situation
NZD/JPY: Triple EMA “Sell-the-Rally” Setup Targets 90 as Bearish ADX Strength Doubles
FxWirePro: GBP/USD eases slightly as Iran deal proves elusive
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD gains some upside momentum ahead of RBNZ decision
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
NZDJPY Powers Past 93.50 on Hawkish RBNZ Pause—Bulls Target 94.40, But Resistance Awaits
FxWirePro: NZD/USD spikes as RBNZ holds rates in split decision
GBP/JPY Breakout Blitz: Triple EMA “Buy-the-Dip” Setup Eyes 216–217 as Yen Momentum Crumbles
EUR/JPY Bullish Above 185: Triple EMA Shield Targets 187.25–188 Breakout
FxWirePro: GBP/NZD advances as kiwi weakens ahead of RBNZ decision
AUD/JPY: Triple EMA “Buy-the-Dip” Setup Targets 115 With Layered Support Intact




