CHF/JPY breaks major resistance around 119, jump till 122 is possible.

• Major resistance -118.92 (Jan 8th 2016)
   
• The pair has broken major resistance 118.92 in morning after BOJ eases monetary policy further 
                .
• BOJ has made a shocking decision to adopt negative interest rates to boost the economy.
   
• "The BOJ will cut the interest rate further into negative territory if judged as necessary," the bank said in a statement.
   
• The pair ahs jumped till 119.24 and slightly declined from that level. It is currently trading around 118.70.
   
• Short term trend is bullish as long as support 117 holds.

It is good to buy at dips around 118.50 with SL around 117 for the TP of