CHFJPY continues to fall inside the short-term impulse wave 3 which started earlier from the resistance area located between the pivotal resistance level 116.000 (which has been reversing this currency pair from October), upper daily Bollinger Band and the 61.8% Fibonacci of the previous downward impulse (A) from the end of August. Given the continuation of the bullish yen sentiment which can be observed over the last few trading sessions across the FX markets, CHFJPY is likely to fall further toward the next support level 113.750 (low of the previous short-term impulse wave 1).