CHFJPY currency pair recently broke through the resistance zone lying between the key resistance level 120.350 (which reversed the price multiple times in August, as can be seen from the daily CHFJPY chart below) and the resistance trendline of the daily down channel from July. The breakout of this resistance zone accelerated the active impulse wave (3). Given the rising yen bearishness as seen across the FX markets today, CHFJPY currency pair can be expected to rise further toward the next resistance level 121.100 (top of wave (B) from July).