The price is approaching key resistance between 117.70 – 118.60, rejection of the resistance will signal resumption of the bearish trend, which started with the leg down in June 2015. On the other hand, break above that resistance will be a major sentiment change and should push the price higher.
Monthly chart:
![CHF/JPY monthly chart, trading forex analysis](https://tradingchartanalysis.com/wp-content/uploads/2021/02/CHF-JPY-Monthly-chart-2021-analysis-1280x653.jpg)