CHF/JPY formed a minor bottom at 113.79 and showed a minor recovery from that level. The pair jumped till 115 and is currently trading around 114.15. The minor top is around 115 and any intraday bullishness can be seen a…
CHF/JPY formed a minor bottom at 113.79 and showed a minor recovery from that level. The pair jumped till 115 and is currently trading around 114.15.
The minor top is around 115 and any intraday bullishness can be seen above that level. Any break above will take the pair till 115.56 (200- H MA)/116.32 (61.8% retracement of 117.80 and 113.79).
On the lower side, near term major support is around 113.69 (100- day MA) and any break below will take the pair down till 133/112.50 (Jun 15th 2017).
It is good to sell on rallies around 114.30-35 with SL around 115 for the TP of 112.50.
