GBP/CHF rising inside minor impulse wave 1
- GBP/CHF rising inside minor impulse wave 1
- Next buy target - 1.3200
GBP/CHF continues to rise inside the minor impulse wave 1, which started earlier – when the pair reversed up from the support zone lying between the strong support level 1.2600 (which reversed the previous minor impulse wave 3, as can be seen from the daily GBP/CHF chart below) and the lower daily Bollinger Band. The active impulse wave 1 belongs to the primary impulse wave Ⓒ from the middle of August.
GBP/CHF is expected to rise further inside the active impulse waves 1 and Ⓒ toward the next buy target at the pivotal resistance level 1.3200 (which stopped the previous minor correction 4 in July).