CHF/JPY falling inside minor impulse wave (iii)

CHF/JPY falling inside minor impulse wave (iii)

  • CHF/JPY falling inside minor impulse wave (iii)
  • Next sell target - 112.70

CHF/JPY continues to fall inside the minor impulse wave (iii), which belongs to the impulse 3 of the intermediate impulse wave (C) from the middle of September. The active impulse wave (C) belongs to the primary ABC correction Ⓑ from July. CHF/JPY is expected to fall toward the next sell target at the next support level 112.70 (low of the previous corrective waves 2 and (A), as can be seen below).



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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