CHFJPY currency pair recently broke the resistance zone located between the key resistance level 117.400 and the 50% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of February. The breakout of this resistance zone accelerated the active intermediate upward impulse wave (3). Given the predominant uptrend and the continued yen bearishness seen across the FX markets today – CHFJPY currency pair is expected to rise further toward the next resistance level 118.200 (top of the previous corrective wave B).