GBP/CHF falling inside minor impulse 3

GBP/CHF falling inside minor impulse 3

  • GBP/CHF falling inside minor impulse 3
  • Next sell target - 1.2500

 GBP/CHF continues to fall inside the minor impulse 3 – which previously broke through the major support level 1.2900 (former major support level from February and March). The breakout of the support level 1.2900 accelerated the active impulse wave 3 of the intermediate impulse wave (3) from July. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2500 (target price for the completion of the active impulse wave 3).

Similar

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Latest news

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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