CHFJPY recently reversed down from the resistance area lying between the key resistance level 110.00 (which has been reversing the price from the middle of October) and the upper daily Bollinger Band. Given the proximity of the aforementioned resistance area and the bearish Swiss franc sentiment seen across the markets today – CHFJPY is likely to remain under the bearish pressure and to fall toward the next support level 109.40 (low of the previous minor correction from November).