CHFJPY recently reversed up from the support area lying between the pivotal support level 113.300 (which formed the daily Morning Star in the middle of June), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May. Given the strong bullish Swiss franc sentiment seen across the currency markets today – CHFJPY is likely to rise further toward the next resistance level 115.150 (former support which stopped the previous corrective wave (a) at the start of September)
