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 rising inside minor impulse wave 3
2019-11-11 • Updated
- GBP/CHF rising inside minor impulse wave 3
- Next buy target - 1.3800
GBP/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave 3, which belongs to the intermediate impulse wave (C) of the primary ABC correction ② from the start of March. The price earlier broke through the major resistance level 1.3470 – which strengthened the bullish pressure on this currency pair. GBP/CHF is expected to rise toward the next buy target at next resistance level 1.3800 (target for completion of impulse wave (C)).
What happened? It looks like the decline in EUR/CHF to 1…
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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