CHFJPY Wave Analysis – 21 March, 2022

• CHFJPY broke key resistance level 127.00
• Likely to rise to resistance level 129.00

CHFJPY continues to rise after the earlier breakout of the key resistance level 127.00 (previous monthly top from January)

The breakout of the resistance level 127.00 accelerated the active short-term impulse wave (iii) of wave (3) from last month.

CHFJPY can be expected to rise further toward the next resistance level 129.00 (target for the completion of the active wave (3), intersecting with the daily up channel from December).