CHFJPY currency pair under the bullish pressure today after the price broke the resistance area lying between the key resistance level 119.500 (former strong support from August) and the 61.8% Fibonacci correction of the previous sharp downward impulse wave form the end of last month. The breakout of this resistance area accelerated the impulse wave (1). Given the continued yen bearishness which has been affecting the FX markets over the last few trading sessions – CHFJPY currency can be expected to rise further toward the next resistance level 120.500 (previous reversal high from the end of August).