GBP/CHF broke support zone

GBP/CHF broke support zone

  • GBP/CHF broke support zone
  • Next sell target - 1.2400

GBP/CHF recently broke through the support zone lying between the key support level 1.2750 (which stopped the previous minor correction 4 in October of 2017, as can be seen below) and the support trendline of the 2 weekly up channel from July. The breakout of this support zone accelerated the active intermediate impulse wave (3) from last week. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2400.

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