FxWirePro:CHF/JPY forms Bullish Pattern, good to buy on dips
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…
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
