– 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.