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- Major Support – 113.35
- Major resistance – 115.50
- CHF/JPY breaks major support at 113.35 and declined till 112.56. It is currently trading around 112.82.
- Any violation below 113.35 will drag the pair down till 110.25/107 in the short term.
- Short term bullishness can be seen only above 115.50.
- The decline from 134.61 till 101.73 will come to end if pair break s above 115.50 level. Any break above 115.50 will take the pair till 117.40 (Mar 2016 high)/118.12 (50% retracement of 134.60 and 102.07).the minor resistance 114.25/115.
It is good to sell on rallies around 113.30-113.40 with SL around 115.51 with SL around 110.30/107
Resistance
R1-115.50
R2-117.40
R3- 118.10
Support
S1-112.50
S2-110.25
S3- 107
