CHFJPY Wave Analysis – 18 March, 2022

• 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)).