FxWirePro: CHF/JPY upside capped by 61.8% fibo, good to buy on dips

• CHF/JPY has shown a jump of almost 150 pips from the low of 113.66 made previous week. The pair hits high of 115.10 and is currently trading around 115.06. The pair is trading slightly above 115 and is currently trading around 115.05.
   
• The pair is trading well above 114.50 (4H Kijun-Sen) and 114.38 (4H Tenkan-Sen).On the higher side, near term resistance is around 115.21 (61.8% fibo) and any break above will take the pair to next level till 115.85/116.20. Short term bullish continuation only above 116.50.
   
• The near term support is around 114.58 (200- 4H EMA) and any break below targets 114.29 (223- 4H MA)/113.66.

It is good to buy on dips around 114.55-60 with SL around 114 for the TP of 115.21/116.