Ichimoku analysis (4 Hour chart)
Tenken-Sen- 116.86
Kijun-Sen- 117.36
CHF/JPY continues to trade weak for the past four days on the weak Swiss franc. The pair lost more than 100 pips despite weak yen The intraday trend of CHFJPY remains bearish as long as resistance 118 holds.
USDCHF breaks significant resistance at 0.8925 and surged more than 80 pips on broad-based US dollar buying. The JPY is trading weak against the USD on fading safe-haven demand.
Technical:
The pair's strong resistance is at 117 violation above will take to the next level 117.35/118/118.60. On the lower side, near term support is around 116.70, and any indicative break below targets 116/115.84.
Indicator (4-hour chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 117.25-30 with SL around 118 for the TP of 114.80.


FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/CNY hits 15-month low , scope for further downside 



