CHFJPY currency pair under the bullish pressure after the earlier breakout of the key resistance level 127.000 (top of wave (3) from the start of January) . The breakout of the resistance level 127.000 accelerated the active impulse waves (iii) and (5).
Given the strong daily uprend, strong yen outflows send across the FX markets today – CHFJPY currency pair can be expected to rise further toward the next resistance level 129.000 (target for the completion of the active impulse waves (iii) and (5)).
