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).


AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


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