Ichimoku (1 hour chart)
Tenken-Sen- 0.9927
Kijun-Sen- 0.9901
USDCHF has halted its bearish trend and jumped more than 60 pips from low of 0.98632. The jump was mainly due to broad based US dollar buying and slight ease in US-China trade war. The pair hits intra day high of 0.99378 and is currently trading around 0.99371.
The near term major resistance is around 0.9945 (200- H MA) and any convincing break above targets 0.9970/1.0010. Any violation above 1.0010 confirms minor trend reversal.
On the lower side , support is around 0.9880 and any violation below will take the pair to next level till 0.9845/0.9800.
It is good to buy on dips around 0.9920-225 with SL around 0.9880 for the TP of 1.000
