Ichimoku analysis (Daily chart)
Tenken-Sen- 116.385
Kijun-Sen- 116.465
CHF/JPY recovered sharply more than 100 pips after 3 weeks of a bearish trend. The decline of safe-haven demand on upbeat market sentiment is putting pressure on the yen at higher levels. USDJPY hits a 7-month high on surging bond yield. The overall trend of CHFJPY remains bullish as long as resistance 116 holds.
Technical:
The pair's strong support is at 116, any daily close below confirms bearish continuation, a dip till 115.42/115/114.77 is possible. On the higher side, near-term support is around 117.15 (200- 4H MA), and any indicative break above targets 117.76/118/118.85.
Indicator (Daily chart)
CAM indicator – Neutral
Directional movement index – Neutral
It is good to buy on dips around 116.60 with SL around 116 for TP of 118.85.


AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/CNY hits 15-month low , scope for further downside 



