Technical analysis
CHFJPY Wave Analysis 24 November, 2020
November 24, 2020 @ 18:17 +03:00
![CHFJPY Wave Analysis 24 November, 2020 CHFJPY Wave Analysis 24 November, 2020](https://fxpro.news/wp-content/uploads/2020/03/yen2-3.jpg)
• CHFJPY reversed from key support level 113.80
• Likely to rise to 115.00
CHFJPY previously reversed up from the key support level 113.80 (low of the previous minor correction (a)) – strengthened by the lower daily Bollinger Band.
The upward reversal from the support level 113.80 started the active short-term impulse wave 3 – which belongs to wave (3) from September.
CHFJPY is likely to rise further toward the next resistance level 115.00. Strong support remains at the support level 113.80.
![](https://fxpro.news/wp-content/uploads/2020/11/chfjpy-primary-analysis-nov-24-1635-pm-1-day-1024x479.png)