GBPCHF recently reversed down from the resistance area located between the key resistance level 1.2100 (former strong support from October) and the 61.8% Fibonacci correction of the downward impulse from the middle of February.
The downward reversal from this resistance zone started the active minor corrective wave (ii) of the ©-wave from the start of April.
GBPCHF is expected to fall further toward the next support level 1.1890 (low of the earlier correction (b) and target price for the completion of the active wave (ii)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies
