Technical levels of AUD/CAD
CHF/JPY broke resistance zone
- CHF/JPY broke resistance zone
- Next buy target - 112.30
CHF/JPY recently broke the resistance zone lying at the intersection of the resistance trendline of the daily down channel from March and the resistance level 111.50 (top of the previous minor correction (iv)). The breakout of this resistance zone accelerated the active corrective wave 2. CHF/JPY is expected to rise further toward the next buy target at the next resistance level 112.30 (top of wave (2) and the target for the completion of wave 2).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...