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Overall trend : Bullish
Ichimoku Analysis (8 H chart)
Tenken-sen- 114.63
Kijun-Sen- 114.48
Trend reversal level (intra day)- 115.30
CHF/JPY has taken support near 34-8 H EMA and jumped 50 pips. The pair hits intraday high of 114.83 and is currently trading around 114.76.
On the lower side, near term intra day support is around 114.48 and any break below will drag the pair to next level till 114.21 (23.6% fib)/114. Any break below 114 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.
