CHFJPY is trading higher for 3rd consecutive day and has jumped more than 70 pips this week. The pair has broken triple top resistance (113.85,113.86 and 113.80) and hits high of 114. it is currently trading around 113.98.
The near term resistance is around 114 and any break above targets 114.22/114.80 (50% fib) likely.
The pair’s support is around 113.38-40 (55- day EMA and 100 day MA) and any break below targets 113/112.34 (200- day MA)/112.19/111.55.
It is good to buy on dips around 113.85-90 with SL around 113.40 for the TP of 114.80/115.
