CHFJPY currency pair recently reversed up from the support area lying between the support level 141.000, 20-day moving average, sharp upward-sloping support trendline from May and the 50% Fibonacci
retracement of the upward price impulse from the middle of June. The upward reversal from this support area started the active short-term impulse wave 3. Given the clear bullish uptrend, CHFJPY currency pair can then be expected to rise further toward the next resistance level 143.100 (which stopped the previous impulse wave 1 earlier this month).
CHFJPY reversed from support 141.000; Likely to rise to resistance level 143.100.
