USD/CHF has little space in the corridor

USD/CHF has little space in the corridor


BUY 0.9395 SL 0.934 TP1 0.948 TP2 0.96

SELL 0.929 SL 0.9345 TP1 0.919 TP2 0.905

On the daily chart, USD/CHF reached the interim target at 113% of the “Crab” pattern: bulls are trying to counterattack. To develop correction, they need to overcome resistance at 0.9410 and 0.9485-0.9505.


On H1, a break of the upper border of the 0.929-0.9395 consolidation range will increase the odds of its getting to 88.6% of the inverted “Shark” pattern. On the other hand, a decline below the support at 0.9290 will lead to the resumption of the downtrend.




GBP/USD is volatile

The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.

Latest news

GBP/USD: confirmed "Thorn" pattern

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...


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