CHF/JPY breaks major resistance 116, targets 118.60

• Major resistance - 116
   
• The pair has broken major resistance 116 and jumped till 116.30 at the time of writing . It is currently trading around 116.19.
   
• Short term trend is slightly bullish as long as support 115 holds.
   
• Any break below 115 will drag the pair down till 114.50/114 in short term. The minor support is around 115.40.
   
• The major resistance is around 116 and break above targets 117.25/118.60.
   
•  Overall bullish invalidation only below 114.20.

It is good to buy at dips around 116 SL around 115 for the TP of 117.25/118.55