Ichimoku analysis (4 Hour chart)
Tenken-Sen- 116.86
Kijun-Sen- 117.36
CHF/JPY continues to trade weak for the past four days on the weak Swiss franc. The pair lost more than 100 pips despite weak yen The intraday trend of CHFJPY remains bearish as long as resistance 118 holds.
USDCHF breaks significant resistance at 0.8925 and surged more than 80 pips on broad-based US dollar buying. The JPY is trading weak against the USD on fading safe-haven demand.
Technical:
The pair's strong resistance is at 117 violation above will take to the next level 117.35/118/118.60. On the lower side, near term support is around 116.70, and any indicative break below targets 116/115.84.
Indicator (4-hour chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 117.25-30 with SL around 118 for the TP of 114.80.


FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Major Crypto levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/CAD slips after Fed holds rates steady
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 



