FxWirePro: CHF/JPY downside capped by trend line support, good to buy on dips

• Major Support – 114 (trend line joining 114.98 and 114.43).
   
• CHF/JPY continues its losing streak after a minor recovery till 115.74 high made on Oct 22nd 2017. The pair dipped till 114.40 at the time of writing and is currently trading around 114.56.
   
• The pair is facing near term support at 114.40 (Oct 16th 2017 low) and any break below will take the CHF/JPY till 114. Any break below trend line support will confirm minor weakness, a dip till 113.44 (Sep 8th 2017 low)/112.50.
   
• The near term resistance is around 115.15 (100- 4H MA) and any break above will take the pair till 115.60 (trend line resistance)/116/116.50. Overall bullish continuation can be seen only above 116.50.           

It is good to buy on dips around 114.15-20 with SL around 113.75 for the TP of 115.50