FxWirePro: chfjpy daily outlook
Source: FxWire Pro - Technicals / 15 Mar 2020 10:28:17 America/New_York
Ichimoku Analysis (4-hour chart)
CHFJPY is trading in narrow range between 110.97 and 112.417 for past two trading days. The pair lost more than 450 pips in past 2-week on strong yen. USDJPY showed a major sell-off from recent high and declined more than 1100 pips.
Technically, immediate resistance is around 112.50 and any violation above will take the pair to the next level till 113.25/113.60.
On the flip side, near term support is at 111.70 and any break below targets 111/110/109.50.
It is good to buy on dips around 111.65.70 with SL around 111 for the TP of 113.25.© 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.