The Fib confluence of HH is obvious marking the . The last high in July 2008 at 105.1 was breached in August 2011 but couldn't hold . The first new high since than happened in July this year and the strong continues.
With BoJ enforcing Yen weakness and , with good results, the change in policy is less likely. With very USDCHF and weak Yen the swissi could go higher even beyond the 115.7 and perhaps stop at 120, but with rumors about Fed taper coming sooner the price that is in focus now is the high from August 1990 at 115.7