AUD/CHF reversed from resistance zone Next sell target - 0…
GBP/JPY finding strong dynamic resistance
GBP/JPY managed to break a bearish trend line projected since July 17th session and it’s now looking for a consolidation above the 200 SMA at H1 chart. However, the pair is facing off the dynamic resistance offered by that moving average and it seems that we can get a pull back at this stage, as it coincides with the Fibonacci retracement zone of 50% - 65% at the 145.77 and 146.81 levels. If that happens, the pair could reach the short-term target of -23.6% at 143.12.
RSI indicator remains overbought and it’s favoring for the bearish scenario.
A diagonal triangle in wave (v) is likely going to be continued. The main intraday target is 5/8 MM Level.
The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, there's a triangle.
USD/CAD fell below 1…