Categories: Technical analysis

CHFJPY Wave Analysis – 4 June, 2020

• CHFJPY broke key resistance level 112,50

• Likely to rise to 114,00

CHFJPY rising sharply after the earlier breakout of the key resistance level 112,50 (which stopped the previous short-term correction (ii) in April).

The breakout of the resistance level 112,50 is aligned with the active impulse wave 3 – which belongs to the sharp impulse wave (C) from the start of May.

CHFJPY is likely to rise further toward the next resistance level 114,00 (target price for the completion of the active impulse wave 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: CHFJPY

Recent Posts

CHFJPY Wave Analysis – 15 January 2026

CHFJPY: ⬇️ Sell - CHFJPY reversed from resistance zone - Likely to fall to support level…

9 hours ago

WTI Crude Oil Wave Analysis – 15 January 2026

WTI Crude Oil: ⬇️ Sell - WTI Crude Oil rising inside minor impulse wave (1) -…

9 hours ago

Costco Wave Analysis – 15 January 2026

Costco: ⬆️ Buy - Costco rising inside minor impulse wave (1) - Likely to reach resistance…

9 hours ago

Chevron Wave Analysis – 15 January 2026

Chevron: ⬆️ Buy - Chevron broke strong resistance level 165.00 - Likely to rise to resistance…

9 hours ago

US Indices: growth widens, but are expectations too high?

Tech sell-off and high Q4 forecasts put the S&P 500 at risk; the Russell 2000…

14 hours ago

Markets pick up signals from the White House

Donald Trump has no intention of dismissing Jerome Powell. The White House's decision to postpone…

17 hours ago

This website uses cookies