GBP/NZD reversed from resistance zone Next sell target - 1…
GBP/CHF rising inside corrective wave (2)
- GBP/CHF rising inside corrective wave (2)
- Next buy target - 1.3470
GBP/CHF continues to rise inside the intermediate corrective wave (2), which earlier broke through the pivotal resistance level 1.3230 (which stopped the previous minor correction 2 at the start of February, as can be seen below). The breakout of the resistance level 1.3230 accelerated the active corrective wave (2). GBP/CHF is expected to rise further toward the next buy target at next resistance level 1.3470 (which has been reversing the price from December).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…