Ichimoku analysis (1 Hour chart)
Tenken-Sen- 117.14
Kijun-Sen- 117.30
CHF/JPY's upside capped at 21- H MA and started to decline on the weak Swiss franc. The Swiss franc is trading extremely weak against the US dollar on a surge in US bond yields. USDCHF has broken 0.9645 (61.8% fib) and it confirms minor bullishness. A jump to 0.9500 is possible. The bearish momentum is continuing in yen and holding well above 110 level. The US 10-yield lost nearly 2% from yesterday's high 1.753% on profit booking. The intraday trend of CHFJPY remains weak as long as resistance 117.25 holds.
Technical:
The pair's strong support is at 116.90, any break below confirms minor weakness, and a dip till 116.40/115.90-116/115.23 likely. On the higher side, near-term resistance is around 117.25, and any indicative break above targets 117.60/117.90/118.25.
Indicator (1-Hour chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 117 with SL around 117.40 for a TP of 115.90.


FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro- Major Pair levels and bias summary
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro- Woodies Pivot(Major) 



