CHF/JPY has been trading a downward channel since August 2015, broke strong channel base support at 114 on Friday's trade.
- The pair hit fresh yearly lows at 112.28 early today, has edged slightly higher to currently trade at 112.69, bias is still lower.
- Price action is well below the cloud and major moving averages are biased lower, however Stochs and RSI are at oversold so some caution advised.
- Risk-off continues to favour the Japanese Yen, also CFTC positioning shows increase in Yen longs amid global uncertainty in the markets.
- Immediate resistance is seen at 114 levels, while little chart support see till 118.88 (Aug 8th 2014 low). Further weakness could see 111.70 (Feb 4th 2014 low) and then 111.22 (Oct 16th 2014 low).
Recommendation: Sell rallies around 112.60, SL: 113.60, TP: 111.90/111.70/111.20


EURJPY Bulls Charge Past 185 Amidst Yen Weakness; Buy Dips Near 185.28
USDCHF Pares Gains Amidst Dollar Weakness; Sell Rallies Recommended
FxWirePro: NZD/USD advances as weak U.S. payrolls pressure greenback
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD slips ahead of widely expected RBNZ rate hike
USDCHF Faces Downside Risk as Resistance Holds; Sell Rallies Recommended
FxWirePro: GBP/NZD bull’s hold the higher ground, remains on bullish path
FxWirePro: USD/CAD consolidating around 1.4200 room for further gains
GBPJPY at Resistance: Sell Rallies Near 215.18 as Downtrend Beckons
FxWirePro: USD/ZAR neutral in the near term, scope for downward resumption
FxWirePro: EUR/USD edges higher but rally stalls below post-NFP peak
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: USD/CAD steadies around 1.4200, retains bid tone
NZDJPY Poised for Downtrend as Resistance Holds Firm
AUDJPY Surges Above 112: Bullish Momentum Signals Further Gains
GBPJPY Surges Above 216.50 Amidst Yen Weakness; Buy on Dips Advised 



