CHF/JPY On the mid line of the channel

The price at the moment is on 122.817 which is almost in the mid line of the channel as well as level 0.382 of the Fibonacci retracement. MACD indicates the possibility of an ascend. The closest support level, to the price, lays on 123.65; the price line has made several reactions to this area. The area also equals to level 0.236 of the Fibonacci retracement and therefore is considered as an important resistance. The important support level below the price, lays at 122.32. RSI is almost on 50 and neutral. In case the price line breaks above the resistance level, possible targets for the ascending wave could be considered 124.555 and 125.422. On the other hand, in case the price line breaks below the support level, the ascending leg could reach to 121.54 and 120.588 .