CHFJPY: Price Reversal from Resistance Zone

I wrote about the exact sell opportunity using the 4H timeframe. You can find this post in the related ideas.

This time, let's look at the daily chart as it provides good bearish signals.

The price forms a bearish candle, which will be able to confirm the price reversal. For this, the close price of the day must be not far from the current levels. RSI will confirm the price reversal as well.
We have MACD histogram with a bearish signal. It confirms the price reversal and a possible downward movement.

If the market can develop a downward movement, the good target for sellers will be the support zone between 110.400 and 110.200 levels.
Also, we should be ready to see a breakout above 112.000 as we have news, which can push the market upward.