Technical levels of AUD/CAD
GBP/CHF rising inside impulse wave (5)
- GBP/CHF rising inside impulse wave (5)
- Next buy target - 1.3460
GBP/CHF continues to rise inside the intermediate impulse wave (5), which started earlier from the support area lying between the key support level 1.3130, lower daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp upward impulse from the start of October. GBP/CHF is expected to rise further in the active impulse wave (5) toward the next buy target at the next resistance level 1.3460 (which stopped the previous sharp impulse wave (3) in December).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...