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CHF/JPY broke powerful resistance level 115.15

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  • CHF/JPY broke powerful resistance level 115.15
  • Next buy target - 118.00

CHF/JPY today broke above the powerful resistance level 115.15 (which has reversed numerous upward impulses from the middle of last December, as can be seen from the daily CHF/JPY chart below). The breakout of this resistance level accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (C) from the middle of April. CHF/JPY is expected to rise to the next buy target at the next resistance level 118.00. Strong support now stands at the aforementioned price level 115.15.

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