Technical levels of AUD/CAD
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).
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...