CHFJPY approaching resistance, potential drop!

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Price is approaching our first resistance at 111.16 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.24 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
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Chart PatternschfCHFJPYchfjpylongchfjpyshortForexforexsignalsforextradingHarmonic PatternsjpyTrend Analysis
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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