1260 horizontal level lies between Fib Extension 1.414 & 1.618 levels. Its a daily support; RSI will be signalling " over sold" by then. Target 1284, which is 0.38% Fib Retracement (Although Gold has retraced till 0.618% on previous two occassions on daily chart).
Sell on pullback. The gap between the candles and 10 EMA on daily chart is till where it should retrace. Target 1260.
Since the change in direction of the investors from "safe haven currencies" towards USD last week, USDCHF has also changed its direction like USDJPY.
If the pair breaks out 1.3000 and closes below that level, it might hit 1.2800.
UJ again changed its direction after better data last week. 113.00 seems to be the next target.
A pullback is likey since the pair is far above the 10 EMA.
If the pair manages to break 112.00, the next key level will be 113.00. The supply zone lies between 1.272 & 1.414 Fib Extension. RSI will be indicating " over bought".
1.0670 is the next key reistance. It is near 1.272 Fib Extension. RSI is already indicating " over bought".