CHFJPY is approaching our first support at 111.91 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement, elliot wave structure) where a strong bounce might occur above this level pushing price up to our major resistance at 112.64 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also seeing a bullish divergence and is bouncing off our major support where we 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.