- CHF/JPY has broken trend line support around 122.40 (trend line joining 119.89 and 122.07) and declined till 121.93.
- Short term trend is bearish as long as resistance 123 holds.
- The pair's major support is around 121.90 and break below will drag the pair till 121/120 in short term.
- The break of 123 will confirm minor trend reversal a jump till 123.50/124 is possible
It is good to sell on rallies around 122-122.10 with SL around 123 for the TP of 120
