Pattern formed- Bullish AB=CD pattern
Ichimoku (2 hours)
Tenken-Sen - 113.51
Kijun-Sen- 113.76
CHF/JPY was trading lower for past five working days. The pair has lost nearly 140 pips from the high of 114.63 made on Dec 11th 2018. It hits low of 113.25 and is currently trading around 113.32.
‘The pair has formed Bullish AB=CD pattern which is to be competed at 113. Any further weakness only below 113.Any break below 113 targets 112.19/112.
On the higher side, near term resistance is around 113.53 (10- 2H MA) and any break above will take the pair to next level till 114/114.63.
It is good to buy on dips around 113 with S around 112.45 for the TP of 114.60.0
