CHFJPY currency pair recently reversed down from the resistance zone located between the key resistance level 125.400 (which has been repeatedly reversing the price from last November) and the upper daily Bollinger Bandh. The downward reversal from this resistance zone accelerated the active impulse waves (iii) and (c). Given the strongly bullish yen sentiment seen today – CHFJPY currency pair can be expected to fall further toward the next support level 123.550 (low of wave (a) from January and the target for the completion of the active wave (iii))
