FxWirePro :CHF/JPY forms Bullish Cypher pattern, good to buy at dips

• Harmonic Pattern Formed - Bullish Cypher pattern
   
• Potential Reversal Zone (PRZ) - 112.34
   
• The pair has made a low of 112.67 at the time of writing and slightly recovered from that level. It is currently trading around 112.82.
   
• Short term trend is bullish as long as support 112.34 holds.
   
• Any break below 112.34 will drag the pair down till 112/111.22 ins short term.
   
• The major resistance is around 113.50 and break above targets 114/114.30.
   
• Overall bearish invalidation only above 115.

It is good to buy at dips around 112.75-112.78 with SL around 112.34 for the TP of 114.05/114.75