CHFJPY today reversed up from the support level 113.750 (which was set as the likely downward target in our previous forecast for this currency pair). The support zone near the support level 113.750 is strengthened by the proximity of the lower daily Bollinger Band. Given the strengthening bullish Swiss Franc sentiment across the FX markets today and the oversold reading on the daily Stochastic indicator – CHFJPY is likely to rise further toward the next resistance level 115.000 (former strong support level from the middle of October).