Overall trend : Bullish
Ichimoku Analysis (daily chart)
Tenken-sen- 114.48
Kijun-Sen- 113
Trend reversal level (intra day)- 115.30
CHF/JPY has taken support near 20- day EMA and shown a good jump of more than 100 pips. The pair hits high of 115.44 and is currently trading around 115.43
On the lower side, near term intra day support is around 114.21 and any break below will drag the pair to next level till 113.70. Any break below 113.70 will drag the pair to next level till 113.
The near term major resistance is around 115.30 high made on Aug 30th 2018 and any break above will take the pair to next level till 116/116.50.
It is good to buy on dips around 114.55-60 with SL around 114 for the TP of 116/116.50.
Resistance
R1- 115.30
R2 - 116
R3- 116.45
Support
S1- 114.50
S2- 114
S3- 113.70
