Ichimoku analysis (hourly chart)
Tenken-Sen - 1.0019
Kijun-Sen - 1.0034
USDCHF has lost nearly 100 pips from the temporary top 1.00949 made on Oct 31st 2018. It hits low of 1.00004 and is trading around 1.00055.
The near term major support is around 1.000 (trend line support and 200- H MA) and any break below targets 0.99430 (61.8% fib)/0.9900. It should break below 0.9850 for further weakness.
On the higher side, near term resistance is around 1.00340 and any violation above targets 1.00680/1.0100. The pair trend reversal only above 1.010.
It Is good to sell on rallies around 1.00340 with SL around 1.00680 for the TP of 0.9945/0.9900.
