Technical analysis
CHFJPY Wave Analysis – 16 June 2023
June 16, 2023 @ 21:05 +03:00
![](https://fxpro.news/wp-content/uploads/2023/06/chfjpy-primary-analysis-jun-16-1909-pm-1-day-1024x474.png)
– CHFJPY broke resistance level 155.40
– Likely to rise to resistance level 160.00
CHFJPY recently broke above the strong resistance level 155.40 (which stopped the earlier impulse wave 3 with the daily Evening Star at the end of last month).
The breakout of the the resistance level 155.40 accelerated the active impulse waves 5 and (3).
Given the strong daily and the weekly uptrends, CHFJPY can be expected to rise further toward the next resistance level 160.00.