CHFJPY Wave Analysis – 18 March 2025

CHFJPY: ⬆️ Buy

– CHFJPY broke resistance zone

– Likely to rise to resistance level 172.00

CHFJPY currency pair recently broke the resistance zone lying at the intersection of the resistance level 169.50 (former upward correction top from February) and the 38.2% Fibonacci correction of the sharp downward impulse from December.

The breakout of this resistance zone accelerated the active upward correction from the major support level 166.70.

CHFJPY currency pair can be expected to rise to the next resistance level 172.00 (which reversed the pair at the end of January).