Major Intraday resistance - 123.88
Intraday support- 122.90
CHFJPY is trading slightly lower after hitting a 5-1/2 year high. The pair was one of the best performers this month, jumped more than 450 pips on the weak Japanese Yen. USDJPY hits three years high on surging US treasury yield and upbeat market sentiment. CHFJPY hits an intraday low of 123.40 and is currently trading around 123.507.
CCI and Woodies CCI analysis-
Both CCI (50) and Woodies CCI are trading above zero lines in the 4-hour chart (but below 100 levels) In Woodies CCI also showing a weak bullish trend.
Technically, near-term support is around 122.90 and any indicative break below will drag the pair down till 122.30/122/121.30.
The immediate resistance is at 124, any convincing break targets 125/125.60.
It is good to buy on dips around 123 with SL around 122.30 for the TP of 124.40/125.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data 



