FxWirePro: buy chfjpy on dips
Source: FxWire Pro - Technicals / 23 Mar 2020 13:56:53 America/New_York
Ichimoku Analysis (1 Hour chart)
CHFJPY has recovered sharply after taking near trend line. The sudden weakness in Yen due to short covering has supported pair at lower levels. USDJPY surged more than 150 pips for the day.
On the flip side, near term support around 111.50 and any violation below will drag the pair down till 110.90/110.
The immediate resistance is around 112.25 and the indicative break above targets 122.87/113.20/113.71/114.25.
It is good to buy on dips around 112.55-60 with SL around 112 for TP of 114.25.© 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.