USD/CHF - 1.1457

Original strategy :

Bought at 1.1435, Target: 1.1535, Stop: 1.1385

New strategy :

Hold long entered at 1.1435, Target: 1.1530, Stop: 1.1415

Despite intra-day brief drop to 1.1419, as the greenback has rebounded, suggesting consolidation with upside bias remains but break of resistance at 1.1533 is needed to confirm upmove has once again resumed and extend gain to 1.1558 (1.236 times projection of 1.0732 to 1.1245 measuring from 1.0924), however, 1.1600 should hold on first testing.

In view of this, we are holding on with our long position entered at 1.1435 for such move. Only below the flat ground Kijun-Sen (now at 1.14000) would risk retracement to the Ichimoku cloud top (now at 1.1337) but the lower Kumo (now at 1.1300) should continue to hold.