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CHFJPY: ⬆️ Buy
– CHFJPY broke resistance area
– CHFJPY to rise to resistance level 185.50
CHFJPY currency pair recently broke the resistance area between the multi-month resistance level 183.20 (which stopped the previous wave B) and the resistance trendline of the daily down channel from July.
The breakout of this resistance area accelerated the active impulse wave (5), which started earlier from the pivotal support level 182.00 (low of wave A).
Given the clear daily uptrend and strongly bearish Yen sentiment, CHFJPY currency pair can be expected to rise to the next resistance level 185.50 (which stopped earlier waves 3 and 5).
Source: https://fxpro.news
