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- Pattern Formed- triple Bottom
- Major Support- 113.30
- CHF/JPY has declined sharply after hitting high of 114.70 on Nov 14th 2017. The pair hits low of 113.36 at the time of writing. It is currently trading around 113.46.
- Short term trend is slightly bullish as long as support 113.30 holds. Any break below 113.30 will drag the pair down till 112.50/111.93 (61.8% retracement).
- The near term resistance is around 113.67 (23.6% retracement of 114.70 and 113.35) and any break above will take the pair to next level 114.15 (20- 4H MA)/114.50/114.709 (233- 4H MA).
It is good to buy on dips around 113.30 with SL around 112.95 for the TP of 114/114.20.
