CHFJPY recently broke through the resistance zone located between the key resistance level 112.600 (monthly high from December October) and the resistance trendline of the daily up channel from the start of October. The breakout of this resistance zone accelerated the active impulse waves 3 and (3). With the rising daily Momentum and the strengthening bullish Swiss Franc sentiment seen across the markets today – CHFJPY is likely to extend the gains toward the next resistance level 114.000 (target price for the completion of the active impulse wave 3).