CHF/JPY Price Analysis: Bulls in the driving seat, target higher daily high

• CHF/JPY bulls still intact and go for a restest of a bullish continuation. 
• Bulls are supported by the bullish 21 EMA on the 4-hour charts. 

Further to the prior analysis, CHF/JPY Price Analysis: Bulls testing the bearish commitments and eye a break of the 4-hour 21 EMA, the price action has been constructively bullish as forecasted. 

Prior analysis, daily and 4-hour charts 

''The bulls are taking on the bearish commitments at this juncture and the price action can be viewed from a 4-hour vantage point as follows:''

4-hour chart

Live market, 4-hour chart

The price attempted the upside, as illustrated in the above prior's analysis and forecast.

However, following a significant impulse, from which traders should have enjoyed as a breakeven scenario if applying a trailing stop loss, the price fell to test bullish commitments. 

Indeed, the bulls have committed at a discount and continue to target the daily continuation and fresh highs.