The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
CHF/JPY broke powerful resistance level 113.00
- CHF/JPY broke powerful resistance level 113.00
- Next buy target - 114.00
CHF/JPY today broke through the powerful resistance level 113.00 (which has been reversing the price from March, as can be seen below). The breakout of the resistance level 113.00 – which should accelerate the active impulse wave 3 of the intermediate impulse wave (3) from last week. CHF/JPY is expected to rise further toward the next buy target at the next resistance level 114.00.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?