GBP/CHF falling inside impulse wave 3

GBP/CHF falling inside impulse wave 3

  • GBP/CHF falling inside impulse wave 3
  • Next sell target - 1.2830          

GBP/CHF recently reversed down from the strong resistance level 1.3040 (former powerful support from May and June, acting as resistance after it was broken by the previous impulse wave (i)). The downward reversal from the resistance level 1.3040 accelerated the active short-term impulse wave 3 from July. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2830 (target price for the termination of the active impulse wave 3).



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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