CHFJPY recently broke through the from the resistance area lying between the resistance level 108.10 (former strong support from September which was set as the likely upward target in our earlier forecast for this currency pair) and the 50% Fibonacci retracement of the previous downward correction form last month. Given the moderate bearish Japanese Yen sentiment seen across the markets today – EURUSD is expected rise further in the active impulse wave (1) toward the next resistance level 109.00 (intersecting with the resistance trendline of the daily down channel from July).