FxWirePro: buy chfjpy above 112.65
Source: FxWire Pro - Technicals / 08 Mar 2020 09:52:56 America/New_York
Ichimoku Analysis (4 Hour chart)
CHFJPY has recovered sharply from a low of 111.76 level. It hits an intraday high of 112.625 and is currently trading around 112.53. The jump was mainly due to strong Swiss franc, especially against USD. The pair hits 1-year low at 0.93650.
Technically, immediate resistance is around 112.80 and any violation above will take the pair to the next level till 113.25/113.55. Bullish continuation only if pair breaks 114.25.
On the flip side, near term support is at 111.75 and any break below targets 111.35/110.90.
It is good to buy above 112.65 with SL around 112.30 for the TP of 113.55.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.