GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
USD/CHF broke pivotal support level 0.9250
- USD/CHF broke pivotal support level 0.9250
- Next sell target - 0.9450
USD/CHF continues to fall after the earlier breakout of the pivotal support level 0.9250 (low of the previous sharp intermediate impulse wave (3) from the start of February). The breakout of the support level 0.9250 continues the active intermediate impulse wave (5), which started earlier with the daily Bearish Engulfing from the resistance level 0.9450 (former multi-month support level from July and September).
Dmitry Chernovolov
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