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- 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.
