CHFJPY SELL

Taking a look at the daily chart, we can clearly see a huge resistance area which it has failed to break 5 times.

If we zoom out to to the weekly, we can see it to be in a steady bearish trend which it has come to a resistance line.

Coming close to the over bought on the RSI is another indicator we have reached a pivot point which the price is struggling to break after many failed attempts of breaking. The bears having the power after another retest could see the pair hugely descend.