CHFJPY near Daily support level

Comment:

CHFJPY Daily timeframe shows a continuous downtrend while close to the previous support level.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles

Next Scenario:

Market could bounce at 117.48 support level as Kumo is a bit too thin. Watch out for a retracement. Afterwards market could bounce by Tenkan sen and continue to be bearish.