Technical analysis
CHFJPY Wave Analysis – 18 March, 2022
March 18, 2022 @ 20:24 +03:00
![CHFJPY Wave Analysis – 18 March, 2022 CHFJPY Wave Analysis – 18 March, 2022](https://fxpro.news/wp-content/uploads/2020/04/swiss-5.jpg)
• 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)).
![](https://fxpro.news/wp-content/uploads/2022/03/chfjpy-primary-analysis-mar-18-1714-pm-1-day-1024x479.png)