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CHFJPY approaching resistance, potential drop!

Short
Franco svizzero / Yen giapponese (FX:CHFJPY)  
easyMarkets Broker  
FX:CHFJPY   Franco svizzero / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns CHFJPY chf jpy chfjpylong chfjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern chfjpy chf jpy chfjpylong chfjpyshort forex forextrading forexsignals
CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is approaching resistance we might see a corresponding drop in price.
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