CHFJPY continues to fall strongly inside the minor correction 2 which started earlier from the resistance area lying between the multi-month resistance level 117.800 (which stopped the previous sharp uptrend at the end of August as can be seen from the daily CHFJPY chart below) and the upper daily Bollinger Band. Given the strength of the resistance level 117.800, growing bearish sentiment affecting the Swiss franc today– CHFJPY is expected to fall further toward the next support level 116.10 (former monthly high from the start of November).