Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/CHF broke powerful support level 1.3040
2019-11-11 • Updated
- 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).
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