GBP/NZD reversed from resistance zone Next sell target - 1…
CHF/JPY rising inside impulse waves 3 and (3)
- CHF/JPY rising inside impulse waves 3 and (3)
- Next buy target - 116.30
CHF/JPY continues to rise after the earlier breakout of the resistance trendline of the daily down channel from September (which has enclosed the previous intermediate ABC correction (2)) The breakout of this down channel accelerated the active impulse waves 3 and (3). CHF/JPY is expected to rise to the next buy target at the next resistance level 116.30 (top of wave previous wave (1) and the target for the completion of the impulse 3).
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…