GBP/USD: 89 Moving Average acted as support
There's a 'Thorn' pattern, which has been confirmed. In this case, it's likely that the pair is going to test...
GBP/CHF broke key support level 1.2900
- GBP/CHF broke key support level 1.2900
- Next sell target - 1.2700
GBP/CHF recently broke through the key support level 1.2900 (which stopped the previous downward impulse in February and March, as can be seen below). The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the medium-term impulse wave (3) from July. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2700 (target price for the completion of the active impulse wave 3).
Dmitry Chernovolov
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