It was very clear price holding below the 123.50 resistance for quite some time.
Notice that three black crows candles appeared and right now retracing for 61.8 fibonacci retracement.
This could be a good area for entering sell.
Sell CHFJPY 123.20
Stop loss 123.70
Take profit 121.00 (4.4R)
Use only 1-2% risk
Good luck