GBP/CHF: buy targets - 1.5600 and 1.5800
By: Dmitriy Chernovolov
- GBP/CHF reached buy target 1.5400
- Next buy targets - 1.5600 and 1.5800
GBP/CHF has been rising sharply in the last few trading sessions – following the earlier breakout of the pivotal resistance level 1.5400 (which reversed previous primary impulse wave ① and which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level greatly accelerated the active impulse wave (3) – which belongs to the primary impulse wave ③ from the start of October.
GBP/CHF is likely to rise further in the active impulse waves (3) and ③ in the direction of the next buy target 1.5600 – the breakout of which can lead to further gains toward 1.5800.