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NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
- Major Support – 111.50.
- CHF/JPY has broken major support at 111.50 and declined till 111.32. It has declined almost 800 pips from temporary top of 118.55 and is currently trading around 111.36.
- The pair recovered slightly till 113.25 on Mar 13th 2018 and started to decline from that level. It is trading below 111.50 confirms minor weakness, a decline till 110.80/110.16 is likely.
- The minor bullishness can be seen only above 112 and any break above will take the pair till 112.32 (5 day MA)/113. Any break above 113.50 confirms further bullish continuation.
It is good to sell on rallies around 111.55-60 with SL around 112.30 for the TP of 110.60/110.20.
