• CHFJPY broke multi-month resistance level 114.40
• Likely to rise to 115.50
CHFJPY recently broke the powerful, multi-month resistance level 114.40 (which has been steadily reversing the price from the middle of January).
The breakout of the resistance level 114.40 accelerated the active impulse waves 3 and (3).
CHFJPY is likely to rise further toward the next resistance level 115.50. Strong support now stands at the aforementioned price level 114.40.
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