FxWirePro: CHF/JPY faces strong resistance at 114.20, good to sell on rallies

• Major resistance - 114.75 (trend line joining 114.45 and 114.63)
   
• Major support - 113.60
   
• The pair has recovered after making a low of 113.68. It is currently trading around 114.32.
   
• Short term trend is slightly bullish as long as support 113.60 holds.
   
• Any break above 114.75 will take the pair till 115.60/116.35.
   
• On the lower side major support is around 113.60 and break below targets 113/112.50.

It is good to buy at dips around 114.15 with SL around 113.50 for the TP of 116.35.