USD/CHF reached sell target 0.9890

USD/CHF reached sell target 0.9890

  • USD/CHF reached sell target 0.9890
  • Next sell target - 0.9750

USD/CHF continues to fall sharply – following the earlier breakout of the pivotal support level 0.9890 (which stopped the previous sharp minor impulse wave 1 in January and which was set as the sell target in our previous forecasts for this currency pair). The breakout of the support level 0.9890 intensified the bearish pressure on this currency pair.

USD/CHF is expected to fall further to the next sell target at the support level 0.9750 (forecast price for the termination of the active intermediate impulse wave (1)).

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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