CHF/JPY reached buy target 118.00

CHF/JPY reached buy target 118.00

  • CHF/JPY reached buy target 118.00
  • Next buy target - 120.00

CHF/JPY recently broke through the resistance area lying between the resistance level 118.00 (which was set as the buy target in our earlier forecast for this currency pair) and the 61.8% Fibonacci correction of the downward impulse from September. The breakout of this resistance level accelerated the active C-wave of the intermediate ABC correction (2) from February. CHF/JPY is expected to rise to the next buy target at the next resistance level 120.00 (target price for the completion of the active impulse wave 3).


GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



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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