Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
GBP/CHF falling inside minor impulse 3
2019-11-11 • Updated
- 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).
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
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