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Short

CHF/JPY breaks major trend line support, targets 122.40

FX:CHFJPY   Swiss Franc/Japanese Yen
179 0 6
CHF/JPY             has broken strong trend line support around 123.53 ( trend line joining 122.34 and 123. 44             ) and break below confirms major weakness , a decline till 123/122.60 is possible .

On the higher side bullishness can be seen only above 124.10.Any break above 124.10 will take the pair to next target 124.35/124.60.

It is good to sell on rallies around 123.45-50 with SL around 124.10 for the T P of 123/122.30
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