Major Intraday Resistance – 116.60 (23.6% fibo). CHF/JPY has formed a minor bottom at 115.62 and shown a minor jump from that level. The pair recovered almost 100 pips and is currently trading around 116.34. The pair has…
CHF/JPY has formed a minor bottom at 115.62 and shown a minor jump from that level. The pair recovered almost 100 pips and is currently trading around 116.34.
The pair has broken major intraday resistance 116.30 and any break above 116.60 confirms minor bullishness.
On the lower side, near term support stands at 115.75 and any break below will drag the pair down till 115.75/115.
Bullish continuation can be seen only above 116.60 (23.6% fibo). Any break above will take the pair to next level till 116.86 (55- 4H EMA)/117.22.
It is good to buy above 116.60 with SL around 116 for the TP of 117.25/118.
