JPMorgan Chase Wave Analysis – 10 February, 2020

• JPMorgan Chase broke daily down channel
• Likely to rise to 140.65

JPMorgan Chase continues to rise inside the medium-term impulse wave (3) – which started earlier from the combined support zone surrounding the key support level 130.00.

The price previously broke the resistance trendline of the daily down channel from December- which strengthened the bullish pressure on this instrument.

JPMorgan Chase is likely to rise further toward the next resistance level 140.65 (top of the pervious impulse waves (5) and (B) from January).