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CHF/JPY has broken yearly low 116.79 (Jan 7th low) and declined till 116.38. It is currently trading around 116.59.
- Short term trend is still weak as long as resistance 117.35 (trend line joining 118.92 and 117.63) holds.
- Any break above 117.35 will take the pair till 117.65/118.30 level.
- On the lower side major support is around 116.35 and break below targets 115.60/115.
- Overall trend reversal only above 120.
It is good to sell on rallies around 117 with SL around 117.65 for the TP of 115
