Ichimoku analysis (Hourly chart)
Tenken-Sen- 117.82
Kijun-Sen- 117.82
CHF/JPY is trading weak after a minor jump till 118.18. The minor weakness in the Swiss franc against all majors. USDCHF jumped more than 50 pips on broad-based US dollar buying. USDJPY is trading in a narrow range between 109.36 and 108.61 for the past three days. Markets eye BOJ monetary policy for further direction. The intraday trend of CHFJPY remains bearish as long as resistance 118.85 holds.
Technical:
The pair's strong support is at 117.40, any break below confirms minor weakness, and a dip till 116.90/116.60/ 116.30/116 likely. On the higher side, near-term resistance is around 118.25, and any indicative break above targets 118.85/119.
Indicator (Hourly chart)
CAM indicator – Bearish
Directional movement index – bearish
It is good to sell on rallies around 117.85-90 with SL around 118.80 for a TP of 116.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Woodies Pivot(Major)
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 



