FxWirePro: CHF/JPY breaks major support 113.70, dip till 112.50 likely
Major support – 113.70 CHJPY has declined sharply after breaking low of 113.70 made on Sep 5th 2017. The pair dipped till 113.51. Short term trend is still weak as long as resistance 114.50 holds. It is currently trading…
CHJPY has declined sharply after breaking low of 113.70 made on Sep 5th 2017. The pair dipped till 113.51. Short term trend is still weak as long as resistance 114.50 holds. It is currently trading around 113.66.
Any break below 113.70 confirm s minor weakness, a dip till 113/112.50. Short term bearish continuation only below 112.50.
On the higher side, minor resistance is around 114.50 and any above that level will take the pair till 115/115.32 (Aug 30th low)/115.66/116. The minor resistance is around 114.
It is good to sell on rallies around 113.80-85 with SL around 114. for the TP of 113/112.58.
