GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.
USD/CHF: franc is trying to hit parity level
On the USD/CHF daily chart, the "bears" failed to settle down below the important support at 0.9945. It was a signal of their weakness. The bulls can realize the Wolf Waves pattern. For this to happen they need to rise above the parity level, and then successfully test the resistance at 1.004.
On the USD/CHF hourly chart, after the realization of the downward triangle, the expanding wedge reversal pattern was formed. To complete it, the high at point 3 (parity) should be updated. It will be a basis for opening long positions.
Recommendation: BUY 1, SL 0,9945 TP 1,002.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...