CHFJPY Wave Analysis – 29 December, 2021

• CHFJPY broke key resistance level 125.45

• Likely to rise to resistance level 127.00

CHFJPY currency pair recently broke above the key resistance level 125.45 (previous monthly high from the start of November).

The breakout of the resistance level 36200.00 accelerated both of the active impulse waves (iii) and 3 – which belong to the impulse wave (3) from last year.

CHFJPY can be expected to rise further toward the next resistance level 127.00 (target price for the completion of the active impulse wave (3)).