GBP/CHF rising inside intermediate impulse wave (3)
By: Dmitriy Chernovolov
- GBP/CHF rising inside intermediate impulse wave (3)
- Next buy target - 1.4290
GBP/CHF continues to rise inside the intermediate impulse wave (3) – which belongs to the primary Ⓒ-wave, which started earlier – when the pair reversed up with the daily Japanese candlesticks reversal pattern Morning Star from the strong support level 1.3400. The active impulse wave (3) earlier broke through the resistance trendline of the daily down channel from last December.
GBP/CHF is likely to rise further toward the next buy target at the resistance level1.4290 (top of the previous waves (b) and 2; forecast price for the completion of the active impulse wave (3)).