Market Snapshots

CHFJPY Wave Analysis – 13 January, 2019

CHFJPY Wave Analysis – 13 January, 2019
  • CHFJPY rising inside impulse wave С
  • Likely to rise to 113.70

CHFJPY recently broke the resistance area lying between the resistance level 112.40 (top of the previous wave (i)) and the 50% Fibonacci correction of the previous downward impulse from 2018,

The breakout of this resistance area accelerated the active impulse wave C from the end of November.

CHFJPY is likely to rise further toward the next resistance level 113.70 (target for the completion of the active impulse С).

Article Rating