GBP/NZD reversed from resistance zone Next sell target - 1…
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)).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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CHF/JPY broke powerful resistance level 115…