CHFJPY currency pair recently reversed up from the support area located between the key support level 132.000 (which has been reversing the pair from the start of April), the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from the start of
March. Given the strong daily uptrend and the continuation of the bearish yen sentiment which could be observed across the FX markets in the last few weeks – CHFJPY currency pair can be expected to rise further toward the next resistance level 133.700.