GBP/CHF broke pivotal resistance level 1.3200

GBP/CHF broke pivotal resistance level 1.3200

  • GBP/CHF broke pivotal resistance level 1.3200
  • Next buy target - 1.3300

GBP/CHF continues to rise inside the minor impulse wave (iii) – which belongs to the wave 3 from the start of October. The price today broke though the pivotal resistance level 1.3200 (which stopped the earlier minor impulse wave 1). GBP/CHF is expected to rise to the next buy target at the next resistance level 1.3300 (forecast price for the completion of the active minor impulse wave (iii)). Support now stands at the aforementioned price level 1.3200.


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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