Ichimoku analysis (4-hourly chart)
Tenken-Sen- 116.72
Kijun-Sen- 116.67
CHFJPY is trading higher and holding above 117 levels on the strong Swiss franc. The Swiss franc is trading higher against the USD on broad-based US dollar selling. USDCHF is trading weak for the second consecutive days, any violation below 0.8820 confirms bearish continuation. The intraday trend of CHFJPY remains bullish as long as support 116 holds.
Technical:
The pair's strong resistance is at 117.40, violation above will take to the next level 117.80/118.05/118.60. On the lower side, near term support is around 116.78, and any indicative break below targets 116.59/116/115.84.
Indicator (4-hour chart)
CAM indicator –Bullish
Directional movement index –Bullish
It is good to buy on dips around 116.80 with SL around 116.40 for the TP of 118.60.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: AUD/USD dips below lower range, bearish bias increases
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



