Major support – 0.9785
Pattern formed - Falling Wedge
USD/CHF is consolidating after hitting low of 0.97878 and lost nearly 130 pips. The reason for decline is broad based US dollar selling and dovish comments by Fed on Friday is supporting Swiss franc.But easing US and China trade tensions is supporting global stock market slight rebound. It hits low of 0.97878 and is currently trading around 0.97995.
The near term support is around 0.97900 and any break below will drag the pair to next level till 0.9735/0.96800//0.96500.
The near term resistance is around 0.9845 and any violation above targets 0.9870. The minor trend reversal will happen only above 0.9925 (falling wedge break out resistance) and any close above will take the pair till 0.9965/1.0010. The pair should break above 1.0010 for further jump till 1.00680/1.0125.
It is good to sell on rallies around 0.9845-50 with SL around 0.9900 for the TP of 0.9735.
Resistance
R1- 0.9870
R2 - 0.9925
R3- 0.9965
Support
S1- 0.9790
S2- 0.9735
S3- 0.9680


All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



