CHF/JPY breaks major support 110.20, targets 108.80/108

FX:CHFJPY   Swiss Franc / Japanese Yen
69 0 3
Pattern Formed- M-Shaped Pattern

Major support- 110.20 (24 th             May low)

The pair has broken major support 110.20 and declined till 109.60 at the time of writing.

Any break below 110.20 will drag the pair down till 108.90 (161.8% retracement of 110.203 and 112.32)/108.

On the higher side major resistance is around 111 and any violation above 111 will take the pair till 111.85 /112.32.

Overall bearish invalidation only above 112.75.

It is good to sell around 110 with SL around 111 for the TP of 108.85/108
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