CHFJPY currency pair continues to rise inside the intermediate impulse wave (5), which started earlier from the support area located between the key support level 127.250 (former multi-month high from January) and the 61.8% Fibonacci correction of the previous upward impulse from November.
Given the clear daily uptrend and the continuation of the Swiss franc bullishness seen across the FX markets today – CHFJPY currency pair can be expected to rise further toward the next resistance level 132.950 (former resistance from February).