CHF/JPY broke major resistance level 116.30
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- CHF/JPY broke major resistance level 116.30
- Next buy target - 118.50
CHF/JPY continues to rise inside the sharp minor C-wave – which previously broke through the major resistance level 116.30 (which has been reversing the price from the middle of September, as can be seen below). The active C-wave belongs to the intermediate wave (D) from the end of November. CHF/JPY is expected to rise to the next buy target at the next resistance level 118.50 (multi-month high from July).
