CHFJPY Wave Analysis – 23 August, 2022

 • CHFJPY reversed from resistance level 143.10

• Likely to fall to support level 140.60

CHFJPY currency pair recently reversed down from the key resistance level 143.10 (which has been reversing the pair from the end of June) intersecting with the upper daily Bollinger Band.

The downward reversal from the resistance level 143.10 stopped the previous intermediate impulse wave (3).

CHFJPY currency can be expected to fall further to the next support level 140.60 (low of the earlier correction (2)).