CHFJPY is approaching our first support at 110.26 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension). RSI (55) is also approaching our major support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.