FxWirePro: CHF/JPY faces strong support at 113.30, good to buy on dips

• Pattern Formed- triple Bottom
   
• Major Support- 113.30
   
• CHF/JPY has declined sharply after hitting high of 114.70 on Nov 14th 2017. The pair hits low of 113.36 at the time of writing. It is currently trading around 113.46.
   
• Short term trend is slightly bullish as long as support 113.30 holds. Any break below 113.30 will drag the pair down till 112.50/111.93 (61.8% retracement).
   
• The near term resistance is around 113.67 (23.6% retracement of 114.70 and 113.35) and any break above will take the pair to next level 114.15 (20- 4H MA)/114.50/114.709 (233- 4H MA).

 It is good to buy on dips around 113.30 with SL around 112.95 for the TP of 114/114.20.