CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.