CHFJPY currency pair recently broke above the key resistance level 138.000 (former top of the minor impulse wave (i) from the start of June). The breakout of the resistance level 138.000 accelerated the active impulse waves (iii) and 3 – both of which belong to the higher-order impulse wave (5) from the end of January. Given the clear daily uptrend and the continuation of the Swiss franc inflows, CHFJPY currency pair can be expected to rise further toward the next resistance level 142.000 (target for the active minor impulse wave 3).
