Forecast for CHFJPY [02-06Jan2017]

Tug of war is seen @115.00 zone.
Case1: if fail to break 115.0,it will retest 112.5zone.
Case2: if break 115.0,it will go all the way to 117.0 zone.

I have seen stop hunt move on 30Dec16 (red arrow) in H4.
I m leaning towards Case1…break 115.0, it will retest 112.5zone.

H4 Chart for the better look.



D1 Chart for better look

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