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- Major support – 114
- Major Intraday resistance – 115
- CHF/JPY has recovered slightly yesterday after making a low of 114.42. In the Asian session the pair has broken yesterday low 114.42 and declined till 114.02 at the time of writing.
- Short term trend is slightly weak as pair is trading well below daily Tenken-Sen (114.65), Kijun-Sen (115.72) and ichimoku cloud.
- On the lower side any break below 114 will drag the pair down till 113/112.54/111.90.
- CHF/JPY minor resistance is around 114.65 and break above targets 115/115.40/116.15.
It is good to sell below 114 with SL around 115 for the TP of 112.55/111.90
