Is there any chance that it will go down more Than 112.5 ?
ForexTutorialsSG
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Hi @Raihanairah5896,
If CHFJPY does drop, I think it is likely to reach the 113.4 support.
If the 113.4 support is broken, I think the pair is likely to drop further to find support around 112.7.
This is assuming no interventions on both currencies.
I am a little more conservative when placing TPs - I think placing TPs at 113.4 and 112.7 will have a better chance of your TPs being hit, as compared to TPs at 112.5.