CHF/JPY breaks minor trend line resistance around 114.70, jump till 115.60 likely
Major resistance- 114.70 (trend line joining 115.37 and 114.95). Major intraday support -114.30 CHF/JPY has broken minor trend line resistance 114.70 and slightly jumped from that level .it is currently trading around 11…
Major resistance- 114.70 (trend line joining 115.37 and 114.95).
Major intraday support -114.30
CHF/JPY has broken minor trend line resistance 114.70 and slightly jumped from that level .it is currently trading around 114.73.
The intraday trend is slightly bullish as long as minor trend line support 114.30 holds.
Any close above 114.70 will take the pair to next immediate resistance 115/115.37/115.60. On the lower side, major intraday support is around 114.28 (200- HMA and trend line support) and any convincing break below will drag the pair down till 113.78 (Dec 21st low)/113.19 (Dec 12th low).
It is good to buy on dips around 114.70 with SL around 114.28 for the TP of 115.37/115.60
