Daily timeframe analysis. CHFJPY had formed a very strong resistance, and has always bounced off after testing the resistance. And the market being a ranging market, has a similar strong support zone. With these stated, it is expected that as the market has bounced off the resistance, it will find an area to rest on the support before retracing to the resistance again. There you have it, We could actually go short on this(sell). Or possibly wait for the market to rest on the support then go long.