EUR/JPY broke key support level 131…
USD/CHF broke support area
- USD/CHF broke support area
- Next sell target - 0.9710
USD/CHF today broke through the support area lying at the intersection of the support level 0.9840 (which reversed the previous intermediate impulse wave (1) with the daily Hammer, as can be seen below) and 61.8% Fibonacci correction of the previous primary ABC correction ② from the start of September. The breakout of this this support area should accelerate the active impulse wave (3). USD/CHF is expected to fall toward the next sell target at the next support level 0.9710.
There isn't any reversal pattern so far. If the 21 MA acts as resistance, we're likely going to have just another decline...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.