Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
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FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
FxWirePro: AUD/USD dips after RBA Governor speech 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
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FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- 120.71
Kijun-Sen- 120.81
CHFJPY is consolidating in a narrow range between 118.85 and 121.20 for the past two weeks. The jump in Japanese yen due to an increase in demand fr safe-haven assets is preventing the pair from further upside.USDJPY is hovering near 109 levels, any breach below 109 confirms intraday bearishness. USDCHF hits a 7-week low on board-based US dollar selling.CHFJPY hits a high of 120.73 at the time f writing and is currently trading around 120.715.
Technically, near-term support is around 120.40 and any indicative break below will drag the pair down till 120/119.60.
The immediate resistance is at 121.20, any convincing break targets 122/123.
It is good to buy on dips around 120.75-80 with SL around 120.30 for the TP of 122
Resistance
R1- 121.20
R2- 122
R3-123
Support
S1-120.40
S2-119.65
S3-118.65
