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October 19, 2020 @ 17:00 +03:00
• CHFJPY reversed from support area
• Likely to rise to 116.20
CHFJPY recently reversed up from the support area lying between the key support level 115.00 and the 38.2% Fibonacci correction of the upward impulse 1 from September.
The upward reversal from this support area started the active short-term impulse wave 3.
CHFJPY is likely to rise further toward the next resistance level 116.20 (top of the previous short-term impulse wave 1).