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- 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 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.
