GBP/CHF rising inside minor impulse wave 3

GBP/CHF rising inside minor impulse wave 3

  • GBP/CHF rising inside minor impulse wave 3
  • Next buy target - 1.3300

GBP/CHF continues to rise inside the minor impulse wave 3 which started earlier from the support zone lying between the round support level 1.3000 (former resistance level from October), 30-day moving average, 50% Fibonacci correction of the upward price impulse from last month and the daily support trendline from August. GBP/CHF is expected to rise further toward the next buy target at the next resistance level 1.3300 (which reversed previous impulse wave (i)).


Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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