CHFJPY currency pair under the bullish pressure after the price reversed up from the support zone lying between the support level 124.000 (which has been reversing the price from the start of Janaury), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November. The upward reversal from this support zone started the active impulse wave 3.
Given the clear daily uptrend and bullish Swiss franc sentiment seen across the FX markets today, CHFJPY currency pair can be expected to rise further toward the next resistance level 125.850 (top of wave 1).
