CHFJPY continues to rise inside the sharp impulse wave (iii), which started recently from the strong support area lying between the powerful long term support level 110.20 (former strong resistance from October and November, which has been reversing the price from March), lower daily Bollinger Band and the 61,8% Fibonacci
retracement of the previous upward impulse from November . Given the strength of the aforementioned support area and the rising bearish Yen sentiment – CHFJPY is likely
to rise further toward the next resistance level 112.50. Strong support remains at the support level 110.20