GBP/NZD reversed from resistance zone Next sell target - 1…
CHF/JPY reached buy target 114.30
- CHF/JPY reached buy target 114.30
- Next buy targets - 115.40 and 116.00
CHF/JPY continues to rise after the earlier breakout of the resistance level 114.30 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 114.30 accelerated the active intermediate impulse wave (3) from the middle of May, which is a part of the primary upward impulse wave ③ from April.
CHF/JPY is expected to rise to the next buy target at the resistance level 115.40 (top of impulse ①) – the breakout of which can lead to further gains toward 116.00.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
CHF/JPY broke powerful resistance level 115…