Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
CHF/JPY reached buy target 118.00
2019-11-11 • Updated
- 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).
Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
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