CHFJPY currency pair recently broke above the key resistance level 123.700 (former support from November, which has been reversing the price from the start of December, as can be seen from the daily CHFJPY chart below). The breakout of the resistance level 123.700 accelerated the C-wave of the ABC correction (B) from the end of November. Given the clear daily uptrend and the highly bearish yen sentiment seen across the FX markets today, CHFJPY currency pair can be expected to rise further toward the next resistance level 125.000 (target price for the end of the active ABC correction (B))
