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FxWirePro :CHF/JPY downside capped by trend line and 200 day MA, good to buy on dips

Major support- 112.65 (trend line support and 200 day MA)

 

CHF/JPY has taken support near 200- day MA and trend line support and recovered more than 50 pips. The pair hits high of 113.41 and is currently trading around 113.11.

 

The near term resistance is around 113.52 (89- day EMA) and any break above targets 113.95 (55- day EMA)/114.57 (20- day MA).

 

On the lower side, major support is around 112.65 and any violation confirms bearish continuation, a decline till 112/110.90is possible.

 

It is good to buy on dips around 112.60-65 with SL around 112 for the TP of 114.

 

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November 16 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

16.7 Bln USD

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Previous

111.5 Bln USD

November 16 21:00 UTC Released

USOverall Net Capital Flows

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-29.1 Bln USD

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108.2 Bln USD

January 31 00:00 UTC 417792417792m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 417792417792m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 429612429612m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 417792417792m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 429612429612m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 417792417792m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 417792417792m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 417792417792m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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