Major trend line resistance- 111.43
CHFJPY has formed a minor bottom around 110.80 and shown a more than 50 pips jump. It hits high of 111.43 and is currently trading around 111.41.
The Pair is consolidating near 200-H MA for past three hours. Any convincing close above will take the pair to next level till 112.08/112.25 level.
On the lower side, near term support is around 111.15 (55- H EMA) and any break below targets 110.80/110.30.
It is good to buy on dips around 111.35-40 with SL around 111.20 for the TP of 112.25.
