• CHFJPY broke resistance level 116.20
• Likely to rise to 117.30
CHFJPY continues to rise after the price broke the pivotal resistance level 116.20 (which has been reversing the pair from the start of October).
The breakout of the resistance level 116.20 coincided with the breakout of the 61.8% Fibonacci correction of the ABC correction (2) from August – which accelerated the active short-term impulse wave (iii).
CHFJPY is expected to rise further toward the next resistance level 117.30 (monthly high from September and the target price for the completion of the active impulse wave (iii)).
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
Market picture The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer…
ANF reversed from key support level 113.40 Likely to rise to resistance level 132.31 ANF…
- GBPUSD rising inside minor correction 2 - Likely to rise to resistance level 1.2700…
This website uses cookies