• CHF/JPY rising inside impulse wave 3
• Further gains are likely
CHF/JPY continues to rise inside the short-term impulse wave 3 – which previously broke through the major resistance level 113.00 (which has been reversing the price from the start of March) and the 50% Fibonacci correction of the downward correction (C) from February.
The breakout of this resistance level accelerated the active medium-term impulse wave (3) which belongs to the long-term impulse wave ③ from the start of May.
CHF/JPY is expected to rise further and retest the next resistance level 115.00 (target price for the completion of the active impulse wave 3).