• CHFJPY broke key resistance level 127.00
• Likely to rise to resistance level 129.00
CHFJPY recently broke the key resistance level 127.00 (previous multi-month high from January – which stopped the previous impulse wave (5)).
The breakout of the resistance level 127.00 accelerated the active medium-term impulse wave (3).
CHFJPY can be expected to rise further toward the next resistance level 129.00 (target price for the completion of the active impulse wave (3)).
Source: Fxpro