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CHFJPY has shown a good recovery of more than 70 pips and hits high of 113.80. The pair has formed almost a triple top (113.85,113.86 and 113.80) and is currently trading around 113.67.
The near term resistance is around 113.86 (triple top) and any break above confirms major break out and jump till 114.81 likely.
The pair hits low of 113.05 on 23rd Nov and shown a recovery So near term weakness can be seen only below 113.05. Any break below 113 targets 112.34 (200- day MA)/112.19/111.55.
It is good to buy on dips around 113.45-50 with SL around 113 for the TP of 114.80.
