CHFJPY currency pair under the strong bullish pressure today after the pair broke above the strong resistance level 125.450 (which stopped the previous sharp upward impulse wave 1 at the start of November, as can be seen from the daily CHFJPY chart below). The breakout of this resistance level accelerated the active short-term impulse wave 3 – which belong to the higher order impulse wave (C) from September. Given the strong daily uptrend and the strong Swiss franc inflows – CHFJPY currency pair can be expected to rise further toward the next resistance level 126.600 (target price for the completion of the active impulse wave (C)).