Intraday major support – 114.84 (233- H MA). CHF/JPY shown a minor recovery from the low of 114.84. The pair hits intraday high of 115.41 and is currently trading around 115.38. The pair is trading slightly above short t…
CHF/JPY shown a minor recovery from the low of 114.84. The pair hits intraday high of 115.41 and is currently trading around 115.38.
The pair is trading slightly above short term and long term MA and extreme bullishness only above 116 level.
On the lower side, near term intraday support is around 114.84 (233- H MA) and any break below will drag the pair to next level till 114.56/ 114.20. Short term weakness only below 113.66.
The near term resistance is at 115.45 and break above targets 116/116.21/117.
It is good to buy on dips 115.20-25 with SL around 114.80 for the TP of 116/116.20
