Ichimoku analysis (15 min chart)
Tenken-Sen- 113.948
Kijun-Sen- 113.948
CHFJPY forms triple bottom in 15 min chart and shown a minor recovery. The intraday trend is still on the downside as long as resistance 114.35 holds. USDCHF showed a minor jump above 0.9200 and started to decline. Markets eye US election results tomorrow for further direction. Any delay in election results will increase demand for Safe-haven assets like Yen.
Technical:
In the 15 min chart, CHFJPY is facing strong resistance at 114.10 (200 EMA). Any break above will take the pair till 114.35/115. On the higher side, near term intraday support is around 113.75, and any indicative break of that level target 113/112 likely.
Indicator (15 min chart)
CAM indicator – slightly bullish
Directional movement index- slightly neutral
It is good to buy above 114.10 with SL around 113.75 for the TP of 115
