Ichimoku analysis (1 Hour chart)
Tenken-Sen- 122.19
Kijun-Sen- 122.26
CHF/JPY is trading in a narrow range between 122.52 and 121.46 for the past 10 days. The board-based Swiss franc buying is supporting the pair at lower levels. USDCHF is struggling to close above 0.9000 levels, any dip below 0.8920 confirms further bearishness. USDJPY is trading weak after forming a temporary top around 110.32. Any breach below 109.18 confirms further weakness. The intraday trend of CHFJPY is bullish as long as support 121.45 holds.
Intraday analysis-
Trend – Bullish
The pair is holding below hourly Tenken-Sen, Kijun-Sen, and cloud. On the lower side, near-term support is around 121.90. Any violation below will drag the pair down to 121.45/120.50/120 likely. The immediate resistance is only 122.55. Any violation above that level will take the pair to next level to 123/123.93/124.45.
Indicator (1-hour chart)
RSI –Bearish
Directional movement index – Bearish
It is good to buy on dip around 121.65-70 with SL around 121 for a TP of 123.


FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: USD/ CNY remains soft ahead of Fed decision
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/AUD gains some upside momentum but still bearish
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR retreats but trend is still bullish 



