• Candle stick pattern – Shooting star.
   
• CHF/JPY has shown a good jump almost 400 pips from the low of 113.73 made on Jan 11th 2018. The pair hits high of 118.55 and is currently trading around 118.20.
   
• On the lower side, near term support stands at 117.40 (23.6% fib) and any break below will drag the pair down till 116.90 (7- day MA)/116.45 (10- day MA).
   
• Bullish continuation can be seen only above 118.60. Any break above will take the pair to next level till 119/120.
  
  It is good to sell on rallies around 118.15-20 with SL around 118.60 for the TP of 116.90/116.45.