GBP/CHF falling inside minor C-wave
- GBP/CHF falling inside minor C-wave
- Next sell target - 1.2490
GBP/CHF continues to fall inside the C-wave of the intermediate ABC correction (2) – which started earlier – when the pair reversed down from the resistance area lying between the pivotal resistance level 1.3140 (which reversed the previous minor correction 4 in July, as can be seen from the daily GBP/CHF chart below) and the upper daily Bollinger Band.
GBP/CHF is expected to fall down further in the active C-wave toward the next sell target at the strong support level 1.2490 (target price for the completion of wave (2), which reversed previous waves 3 and (C) in July and August).