Given the clear daily uptrend and the bearish Japanese yen sentiment seen across the FX markets today, CHFJPY currency pair be expected to rise to the next resistance level 116.00 (target for the completion of the active short-term impulse wave 5).
- AUDJPY broke resistance area
- Likely to rise to resistance level 116.00
AUDJPY currency pair recently broke the resistance area between the resistance level 112.00 (which reversed the pair at the start of March) and the resistance trendline of the daily up channel from November. The breakout of this resistance area accelerated the active short-term impulse wave 5 – which belongs to the intermediate impulse wave (3) from the end of August. The breakout of this up channel signals the strengthening of the bullish pressure on this currency pair and the acceleration of the uptrend
Given the clear daily uptrend and the bearish Japanese yen sentiment seen across the FX markets today, CHFJPY currency pair be expected to rise to the next resistance level 116.00 (target for the completion of the active short-term impulse wave 5).
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