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CHFJPY Wave Analysis – 22 July, 2020

CHFJPY Wave Analysis – 22 July, 2020

  • CHFJPY broke multi-month resistance level 114.40
  • Likely to rise to 115.50

CHFJPY recently broke the powerful, multi-month resistance level 114.40 (which has been steadily reversing the price from the middle of January).

The breakout of the resistance level 114.40 accelerated the active impulse waves 3 and (3).

CHFJPY is likely to rise further toward the next resistance level 115.50. Strong support now stands at the aforementioned price level 114.40.

CHFJPY Wave Analysis – 22 July, 2020


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