We recommend taking a short position in the pair CHFJPY. as seen in the chart the pair entered a local resistance at the level 120 and also encountered the broken the weekly broken trend line which acted as a resistance and rejected the price several time, we believe that the price will go down and head firstly to the 4 hours support where we placed out 1st target and then will head to the daily support at 118 if this support was broken. Take this trade only if you agree with our analysis.