- Intraday major support – 114.84 (233- H MA).
- CHF/JPY shown a minor recovery from the low of 114.84. The pair hits intraday high of 115.41 and is currently trading around 115.38.
- The pair is trading slightly above short term and long term MA and extreme bullishness only above 116 level.
- On the lower side, near term intraday support is around 114.84 (233- H MA) and any break below will drag the pair to next level till 114.56/ 114.20. Short term weakness only below 113.66.
- The near term resistance is at 115.45 and break above targets 116/116.21/117.
It is good to buy on dips 115.20-25 with SL around 114.80 for the TP of 116/116.20
