This pair is in a down trend.

chfjpy-d

Yesterday price broke lower level of consolidation, retested 4h 55 EMA and then head back down bellow support 122.00.

chfjpy-4h

So it looks that price is ready to fall more. Next support I see at 115.00. Entry should be found at a resistance 122.00 and then manage stop loss accordingly, since it could be, that price will find some support at previous low on 29 of October, where we got false break.
There is no major red news related to that pair in future 24 hours.

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