GBP/USD broke resistance area Next buy target - 1…
CHF/CHF rising inside intermediate (C)-wave
- CHF/CHF rising inside intermediate (C)-wave
- Next buy target - 114.30
CHF/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave 1 – which belongs to the intermediate (C)-wave from the middle of April. The pair earlier broke the pivotal resistance level 110.00 (former strong support level from February, which stopped the A-wave of the previous ABC correction (B), as can be seen below).
CHF/CHF is expected to rise to the next buy target at the next resistance level 114.30 (top of the B-wave of the previous ABC wave (B)).
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…