CHF/JPY trades well below major support, decline till 110 likely
Major Support – 113.35 Major resistance – 115.50 CHF/JPY breaks major support at 113.35 and declined till 112.56. It is currently trading around 112.68. Any violation below 113.35 will drag the pair down till 110.25/107 …
CHF/JPY breaks major support at 113.35 and declined till 112.56. It is currently trading around 112.68.
Any violation below 113.35 will drag the pair down till 110.25/107 in the short term.
Short term bullishness can be seen only above 115.50.
The decline from 134.61 till 101.73 will come to end if pair break s above 115.50 level. Any break above 115.50 will take the pair till 117.40 (Mar 2016 high)/118.12 (50% retracement of 134.60 and 102.07).the minor resistance 114.25/115.
It is good to sell on rallies around 113.30-113.40 with SL around 115.51 with SL around 110.30/107
