Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Trade Idea CHFJPY (Intraday)

Ichimoku analysis (Hourly chart)

 

Tenken-Sen- 115.36

Kijun-Sen- 115.40

 

CHFJPY has taken support near the trend line at 115.30 and shown a minor jump to 115.42. The minor weakness in the Swiss franc is putting pressure on this pair. USDCHF raised nearly 30 pips from a low of 0.9030. USDJPY has halted its three days of the bearish trend and shown a minor recovery.  The intraday trend of this pair remains bearish as long as resistance 116 holds.

 

Technical:

In the one hour chart, CHFJPY is trading below Tenken-Sen, Kijun-Sen, and 200 MA. Any break below 115.30 will take the pair till 115/114.86. On the higher side, near term intraday resistance is around 115.60 and any indicative break above that level will take the pair till 115.95/116.20/116.60/117 likely.

 

It is good to sell on rallies around 115.48-50 with SL around 115.80 for the TP of 115/114.85.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.