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- Harmonic Patten Formed – Bullish AB= CD Pattern
- CHF/JPY has formed Bullish AB= CD pattern in the Hourly chart. Potential reversal zone (PRZ) is around 112.75 and any break below confirms minor weakness.
- On the lower side, any break below will drag the pair down till 112.50/112 in the short term.
- The near term intraday resistance is around 113.45 (200- H MA ) and any break above will take the pair till 113.92 (Mar 17th 2017 high)/114.30 (Mar 14th high).
- Short term bullish invalidation only below 111.
It is good to buy on dips around 113 with SL around 112.74 for the TP of 113.90/114.25
