Ichimoku analysis (Hourly chart)
Tenken-Sen- 117.39
Kijun-Sen- 117.21
CHF/JPY has shown a minor selling after hitting a high of 117.54. The pair is trading weak despite a major sell-off in the yen. The surge in US bond yield is supporting USDJPY at lower levels. USDJPY hits a multi-month high and trading above 200-W MA. A jump till 110 likely. The intraday trend of CHFJPY remains bearish as long as resistance 117.85 holds.
Technical:
The pair's strong support is at 116.80, any break below confirms minor weakness, and a dip till 116.60 /116.30/116 likely. On the higher side, near-term resistance is around 117.85, and any indicative break above targets 118/118.85.
Indicator (Hourly chart)
CAM indicator – Bearish
Directional movement index – Neutral
It is good to sell on rallies around 117.25-30 with SL around 117.85 for a TP of 116.


AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 



