Technical analysis
American Express Wave Analysis – 8 February, 2022
February 08, 2022 @ 20:01 +03:00
![American Express Wave Analysis – 8 February, 2022 American Express Wave Analysis – 8 February, 2022](https://fxpro.news/wp-content/uploads/2019/10/American_Express_logo.jpg)
• American Express broke multi-month resistance level 188.75
• Likely to rise to resistance level 195.00
American Express today broke above the key multi-month resistance level 188.75 (which stopped the previous sharp upward impulse (5) in October of 2021).
The breakout of the resistance level 188.75 should accelerate the active impulse waves 3 and (3).
Given the clear daily uptrend – American Express can be expected to rise further toward the next resistance level 195.00 (target for the completion of the active impulse wave 3).
![](https://fxpro.news/wp-content/uploads/2022/02/axp-primary-analysis-feb-08-1844-pm-1-day-1024x479.png)