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FxWirePro: CHFJPY trades well above trend line resistance, targets 110.95

  • Major resistance – 109.50 (trend line joining 109.04 and 109.41).
     
  • Major intraday support – 108.85 (200- HMA).
     
  • The pair broken major resistance of 109.50 and jumped till 109.79 at the time of writing .It is currently trading around 109.78. In the hourly chart the pair is trading well above Tenken-sen and Kijun- sen.
     
  • On the higher side any break above 109.50 confirms minor bullishness, a jump till 110.98 likely.
     
  • The near term intraday support is around 109.25 (hourly Kijun-Sen) and any break below targets 108.87 (200- H MA)/108.

    It is good to buy on dips around 109.65-70 with SL around 109.25 for the TP of 110.95.
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October 24 09:00 UTC Released

EZMarkit Comp Flash PMI

Actual

55.9 bln EUR

Forecast

56.5 bln EUR

Previous

56.7 bln EUR

October 24 09:00 UTC Released

EZMarkit Serv Flash PMI

Actual

54.9 bln EUR

Forecast

55.6 bln EUR

Previous

55.8 bln EUR

October 24 12:55 UTC 208208m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 208208m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 12:55 UTC 208208m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 208208m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 13:00 UTC 213213m

MXFlash Trd Bal Non-EU*

Actual

Forecast

Previous

-0.7 Bln EUR

October 24 13:00 UTC 213213m

MX1st Half-Mth Infl YY*

Actual

Forecast

Previous

1.00 %

October 24 13:00 UTC 213213m

USIGAE Econ Activity MM

Actual

Forecast

Previous

-0.7 %

October 24 13:00 UTC 213213m

MXIGAE Econ Activity YY

Actual

Forecast

1.50 %

Previous

1.00 %

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