Major Support- 113 CHF/JPY is consolidating for the past two days after hitting low of 113.06 on Nov 19th 2017. The pair hits high of 113.52 at the time of writing. It is currently trading around 113.40. The intraday tre…
CHF/JPY is consolidating for the past two days after hitting low of 113.06 on Nov 19th 2017. The pair hits high of 113.52 at the time of writing. It is currently trading around 113.40.
The intraday trend is slightly bullish as long as support 113 holds. Any break below 113 will drag the pair down till 112.50/111.93 (61.8% retracement).
The near term resistance is around 113.52 and any break above will take the pair to next level 113.81 (233- H MA)/114.44 (55- day EMA)/114.50/114.709 (233- 4H MA).
It is good to buy above 113.52 with SL around 113 for the TP of 114.50/114.70.
