FxWirePro: buy chfjpy on dips
Source: FxWire Pro - Technicals / 16 Mar 2020 06:46:46 America/New_York
Ichimoku Analysis (4-hour chart)
CHFJPY has shown a minor recovery from a low of 111.66 on the strong Swiss franc. The jump was due to strong Swiss franc, especially against USD. USDCHF lost more than 150 pips after a minor jump till 0.95675 and is currently trading around 0.94192.
On the flip side, near-term support is around 112 and any violation below targets 111.65/110.90.
The immediate resistance is at 113.25 and the indicative break above will take the pair to next level till 113.75/114.30.
It is good to buy on dips around 112.55-60 with SL around 112 for the TP of 113.60.© 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.