Intraday major support – 114.70
CHF/JPY consolidates in narrow range after hitting high of 115.21 level. The pair declined till 114.92 yesterday and is currently trading around 115.09.
The pair is trading slightly above hourly Kijun-Sen at 114.89 and extreme bullishness only above 115.21 level.
On the lower side, near term intraday support is around 114.70 ( joining 113.84 and 114.57) and any break below will drag the pair to next level till 114.50/114.27 ( of 113.66 and 115.24). Short term weakness only below 113.66.
The near term resistance is at 115.21 and break above targets 116/116.15.
It is good to buy above 115.20 with SL around 114.70 for the TP of 116/116.20