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- Harmonic Pattern formed- Bearish Gartley pattern
- Potential Reversal Zone (PRZ)
- CHF/JPY has shown a jump of 120 pips from the low of 114.72 made on Jan 3rd 2018 and pair hits intraday high of 116.02. It is currently trading around 115.92.
- The pair’s major resistance is around 116.50 (Sep 19th 2017 high) and any break above will take the pair to next level till 117.28 (76.4% fib)/118/118.60.
- On the lower side, minor support is around 115.40 (23.6% retracement of 113.29 and 116.02) and any break below will drag the pair to next level till 115/114.72 (Jan 3rd low)/114.40 (daily Kijun-Sen).
It is good to sell on rallies around 116.10-20 with SL around 116.50 for the TP of 114.70.
