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- Major support – 113.90
- CHJPY has formed minor top around 115.38 and started to decline from that level. The pair dipped till 113.96 and is currently trading around 114.33.
- Any break below 113.90 will drag the pair down till 113.61 (61.8% retracement of 112.56 and 115.38)/113. Short term bearish continuation only below 112.50.
- On the higher side, minor resistance is around 114.40 and any above that level will take the pair till 115/115.32 (Aug 30th low)/115.66/116.
It is good to sell below 113.90 with SL around 114.40 for the TP of 113/112.58.
