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CHF/JPY Falling Quickly from Critical Resistance

Short
Swiss Franc / Japanese Yen (OANDA:CHFJPY)  
FieryTrading  
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CHFJPY Forex brexit Support and Resistance short Bearish Patterns Divergence Relative Strength Index (RSI)
5
0
trendanalysis chartpattern indicator chfjpy forex brexit supportandresistance short bearish divergence relativestrengthindex
CHF/JPY failed to beat it's summer high of 117.7, leading to a massive decline in value.

Not only did the resistance hold strong, the RSI showed bearish divergence as well, making the decline even more powerful.

Combine all of this with the terrible Brexit news, and we can expect a strong decline of CHF in the nearby future.

Im considering Support 1 and Support 2 as the main targets in the nearby future, feel free to do your own DD.
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