Major Intraday resistance - 119.85
Intraday support- 119
CHFJPY continues to trade higher for the fourth consecutive day and hits two weeks highs on weak yen. The risk-on-mood in global markets has decreased demand for safe-haven assets like yen, gold. The minor weakness in the Swiss franc against the US dollar is putting pressure on the pair at higher levels. It hits an intraday low of 119.98 and is currently trading around 119.976.
CCI and Woodies CCI analysis-
Both CCI (50) and Woodies CCI is trading above zero lines in the 1-hour chart (bullish trend). It has formed a zero line reject pattern which confirms further bullishness.
In Woodies CCI bullish trend is not yet confirmed.
Technically, near-term support is around 119.50 and any indicative break below will drag the pair down till 19.20/119/118.30/118.
The immediate resistance is at 120.20, any convincing break targets 120.60/121.
It is good to buy on dips around 119.70-75 with SL around 119.20 for the TP of 121.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major European Indices
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD dips lower on negative UK retail sales data
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



