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FxWirePro: CHF/JPY faces strong resistance at 115, good to sell on rallies

Major resistance - 115 Major support - 113.50 The pair has retreated after making a high of 114.87. It is currently trading around 113.55. Short term trend is slightly bearish as long as resistance 115 holds. Any break a…

By Lis Howell
1 min read
FxWirePro: CHF/JPY faces strong resistance at 115, good to sell on rallies
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  • Major resistance - 115
     
  • Major support - 113.50
     
  • The pair has retreated after making a high of 114.87. It is currently trading around 113.55.
     
  • Short term trend is slightly bearish as long as resistance 115 holds.
     
  • Any break above 115 will take the pair till 115.60/116.35.
     
  • On the lower side major support is around 113.50 and break below targets 113/112.50.

It is good to sell on rallies around 114 with SL around 115 for the TP of 112.50/112.           

 

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