Major resistance- 113.25.
The pair has declined once again after showing a minor jump above 113. The pair hits high of 113.17 and declined almost 80 pips from that level.
CH/JPY is trading weak and has closed slightly below ichimoku cloud and this confirms minor weakness a dip till 111.50 is possible. The near term support is around 112.10 (220- H MA) and any break below targets 111.50/111.
The near term resistance is around 112.56-112.60 (55- and 34 H EMA) and any break above will take the pair till 113/113.20. Any minor trend reversal only above 113.25.
It is good to sell on rallies around 112.35-40 with SL around 112.80 for the TP of 111.50/111.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro- Woodies pivot (Major)
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: NZD/USD turns lower as USD regains footing
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level 



