CHF/JPY broke key support level 110.50

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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