The greenback jumped to 3 weeks high on a better than expected jobs report last week that reduced the expectation of the Federal Reserve rate cuts this month. The U.S Non Farm Payrolls rose to 224,000 from 75,000 last month beating the economists expectation of 160,000. The USDCHF was about to drop down at the 0.98800 resistance with 0.618 confluences, but failed to retrace as the greenback strongly plunges in the last week’s economic data. Looking for the Daily time frame, the pair is currently gaining 0.08% at 0.99200. The bears are expected to enter into the market at the pullback in the support- turned Resistance at 0.99250 which is below the 100SMA and 200SMA. The sellers pile up at the third touch of the daily descending trendline, expecting the market to drop to the Friday’s recovery at 0.98600 and further to 0.98000. In the 4HR time frame, the pair showed a rejection at 0.99250 daily resistance but the traders wait for the good opportunity and impulsive move to enter into the market at the third touch. Breaking the 0.618 level below today’s early sessions low, would make a way for the sellers to dominate the market for the week. Tomorow’s Unemployment rate for the Swiss Franc will be eyed for fresh impulsive moves. On the other side of coin, if USD continues to gain strength in the upcoming days, the pair breaking above the daily resistance at 0.99250 will pave way for the buyers to target the June high at 1.00150.