GBP/CHF rising inside minor impulse wave 3

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)).

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