What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY broke key support level 110.50
2019-11-11 • Updated
- CHF/JPY broke key support level 110.50
- Next sell target - 108.40
CHF/JPY continues to fall sharply after the earlier breakout of the key support level 110.50 (which reversed the previous impulse waves (1), B and 1, as can be seen from the daily CHF/JPY chart below). The breakout of this support level 110.50 accelerated the active impulse waves 3 and (3). CHF/JPY is expected to fall toward the next sell target at next support level 108.40 (target for the completion of the active impulse wave (3)).
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