GBP/CHF broke powerful resistance level 1.2850

GBP/CHF broke powerful resistance level 1.2850

  • GBP/CHF broke powerful resistance level 1.2850
  • Next buy target - 1.3050

GBP/CHF continues to rise after the earlier breakout of the powerful resistance level 1.2850 (which reversed the previous minor correction B at the start of August and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 1.2850 accelerated the active minor impulse wave 3 from the start of September. GBP/CHF is expected to rise to the next buy target at the next resistance level 1.3050 (top of the previous corrective wave (A)).



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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