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Short

CHF/JPY faces support at 114, break below targets 112.55/111.90

FX:CHFJPY   Swiss Franc / Japanese Yen
63 0 4
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
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