CHFJPY Weekly chart analysis, drop to 114 possible

In my previous CHFJPY analysis 4 weeks ago( analysis link attached below), I told you that breaking 114.65 will take CHFJPY towards 118. As you can see CHFJPY reached 117.65 level which is very close to the 118 target I mentioned.

Now, you can see that 118 level is a strong resistance on the weekly chart. Chances are price will reverse and drop to the 114 level after failing to break this resistance.