CHFJPY currency pair recently reversed up from the support area located at the intersection of the key support level 138.950 (which has been reversing the pair from the start of July), 20-day moving average, support trendline from May and the 50% Fibonacci correction of the upward impulse from May. The upward reversal from the support level 138.950 started the active minor correction (b). Given the clear daily uptrend, CHFJPY can then be expected to rise toward the next resistance level 142.000 (target for the completion of the active correction (b)).