CHFJPY currency pair recently reversed up from the support area lying between the support level 119.200 (which has been reversing the price from the start of may), lower daily Bollinger band and the 50% Fibonacci correction of the upward impulse from march. The upward reversal form this support area is aligned with the prevailing uptrend that can be seen on the daily charts. Given the strong uptrend, negative yen sentiment – CHFJPY currency pair can be expected to rise further toward the next resistance level 121.000 (low of the previous impulse wave (i)).