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 reversed from the resistance area
2019-11-11 • Updated
- GBP/CHF reversed from the resistance area
- Next sell target - 1.3130
GBP/CHF today reversed down sharply from the combined resistance area lying between the key resistance level 1.3460 (previous buy target and the top of the earlier minor impulse wave (iii) from December) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous impulse waves 3 and (v). Given the overbought daily Stochastic, GBP/CHF is expected to fall to the next sell target at the next support level 1.3130.
What happened? It looks like the decline in EUR/CHF to 1…
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