GBP/CHF broke powerful support level 1.3040

GBP/CHF broke powerful support level 1.3040

  • GBP/CHF broke powerful support level 1.3040
  • Next sell target - 1.2900

GBP/CHF continues to fall after the earlier breakout of the powerful support level 1.3040 (which stopped earlier impulse waves (1) and 1, as can be seen from the daily GBP/CHF chart below). The breakout of support level 1.3040 accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (3) from the middle of June. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2900 (which reversed the pair in March).


GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


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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