The main intraday target is the next resistance at 1.3189 - 1.3216. If a pullback from these levels happens next...
USD/CHF reached sell target 0.9870
- USD/CHF reached sell target 0.9870
- Next sell target - 0.9750
USD/CHF recently broke through the support zone lying between the pivotal support level 0.9870 (previous sell target, which has been reversing the price from last January) and the 61.8% Fibonacci correction of the previous sharp upward impulse from November. The breakout of this support zone accelerated the active impulse wave (iii) – which belongs to the C-wave from March.
USD/CHF is expected to fall to the next sell target at the support level 0.9750 (forecast price for the completion of the active impulse wave (iii)).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…