FxWirePro: CHF/JPY forms double bottom at 113.70, good to buy on dips

• Chart pattern- Double bottom
   
• CHF/JPY has recovered after forming a bottom at 113.66 on Jan 10th 2018. The pair hits high of 114.50 and is currently trading around 114.32. The pair has shown a minor jump of 82 pips from the low.  It is currently trading around 114.31.
   
• The pair is trading slightly above 114.04 (hourly Tenkan-Sen) and 114.13 (hourly Kijun-Sen).On the higher side, near term resistance is around 114.50 (cloud top) and any break above will take the pair to next level till 114.73 (200- H EMA)/115.10 (233- H MA)/115.21. Short term bullish continuation only above 116.50.
   
• The near term support is around 113.66 and any break below targets 113.30/112.95.

It is good to buy on dips around 113.75 with SL around 113.30 for the TP of 114.55/115.