CHFJPY continues to rise after the pair reversed up from the key support level 116.200 (which has been repeatedly reversing the pair from the end of December), standing near the lower daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp upward impulse from the middle of November. The upward reversal from the support level 116.200 started the active wave B. Given the clear bearish yen sentiment seen across the FX markets today – CHFJPY currency pair can be expected to rise further toward the next resistance level 117.700 (top of the previous correction (b) from last month).