CHF/JPY broke major resistance level 116.30

CHF/JPY broke major resistance level 116.30

  • CHF/JPY broke major resistance level 116.30
  • Next buy target - 118.50

CHF/JPY continues to rise inside the sharp minor C-wave – which previously broke through the major resistance level 116.30 (which has been reversing the price from the middle of September, as can be seen below). The active C-wave belongs to the intermediate wave (D) from the end of November. CHF/JPY is expected to rise to the next buy target at the next resistance level 118.50 (multi-month high from July).


GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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