USD/CHF - 1.0278

Most recent candlesticks pattern    : N/A
Trend                                    : Down

Tenkan-Sen level                       :1.0260
Kijun-Sen level                         :1.0260
Ichimoku cloud top                     :1.0343
Ichimoku cloud bottom                 :1.0277

Original strategy : 

Sell at 1.0345, Target: 1.0230, Stop: 1.0395

New strategy  :  

Stand aside

Despite intra-day marginal fall to 1.0220 (previous low was 1.0222), as the greenback has rebounded from there, suggesting a minor low has been formed and consolidation above this level would take place but break of resistance at 1.0319 is needed to bring retracement of recent fall to the Ichimoku cloud top (now at 1.0343), then 1.0363 (61.8% Fibonacci retracement of 1.0451 to 1.0220) and 1.0377 (38.2% Fibonacci retracement of 1.0630 to 1.0220) but price should falter well below resistance at 1.0451.

On the downside, break of said support would extend recent downtrend to 1.0186 (100% projection of 1.0630 to 1.0350 measuring from 1.0466) but loss of near term downward momentum should prevent sharp fall below 1.0150 and reckon 1.0100 would hold.

As near term outlook has turned mixed, we have removed our sell recommendation and would stand aside for the time being.