CHFJPY is approaching our first resistance at 115.27(horizontal pullback resistance, 23.6% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 113.32 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension).

RSI (89) is seeing a bearish exit and we might see a corresponding drop in price.

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