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FxWirePro- Major European Indices 
- Major support = 114.70 (trend line support).
- CHFJPY was consolidating in narrow range for past one week between 114.89 and 115.66. The pair has formed temporary top around 116.47 and is currently trading around 114.66.
- Short term trend is slightly bearish as long as resistance 115.66 holds. Any break above 115.66 will take the pair to next level till 116.05/116.50/117.
- On the lower side, 114.50 (50% retracement of 115 and 116.47) will be acting as major support any violation below will drag the pair down till 113.50/112.50.
- Overall bullish invalidation only below 112.50.
It is good to sell on rallies around 114.75-80 with SL around 115.20 for the TP of 113.50/112.50.
